The patterns prior to the bat setup are all described in the video below along with a discussion about trading competitions, a 270% return in 3 months, a walkthrough of my audusd trade from earlier in the week (from thought process to completion) and a lot more. Please let me know what you think.
Forex Trading: “A Little Bit of Everything Related to trading” https://www.youtube.com/watch?v=JDtwEXQznqU
Chief Currency Analyst at Trade Empowered
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I don't know if we'll go straight to 1.18. I'm sure there will be further twists, but that is also the Fib 38.2 of the whole move down and the Fib 61.8 of Wave 5, giving good confluence and takes out the previous high of 1.1710, so the stops will all be there. Let's hunt those stops. Good luck with your trading.