EURAUD - Bearish Bat Pattern Completed on H4 Chart

Bat pattern has completed on Friday with RSI almost at overbought level.
Not much movement on Friday, probably due to weekend, thus giving us a chance to short this pattern on Monday.

R:R at 1 (TP1) and 1.9 (TP2).
R:R for this pattern is not as attractive, so do consider if you are prepared to hold till TP2 for more profits.

Trade closed: target reached:

TP1 hit.

Comment:

Shift second position's SL to 1.48817 (recent high) and enjoy a risk-free trade.

Trade closed: target reached:

Second position closed at 1.48817