We_The_North
Short

EURAUD Potential Bearish Bat

FX:EURAUD   Euro / Australian Dollar
41 0 0
Looking at the daily chart here and it may take a little while, but if price climbs up, a Bat Pattern could be triggered. This would create a healthy risk/reward. If completed, I would look for T1 at 0.382 and T2 at the 0.618 retracement of AD, with SL at a 1.13 extension of A to X.

Note: I would not take this on my personal account, because I have not backtested this pattern on this pair enough to know the probability. I'm just sharing as an idea and to contribute to the community. Maybe others know this pair/pattern combo much better and could have greater input.

Hope everyone's off to a good start this week!
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