FX:GBPAUD   British Pound / Australian Dollar
Before this Cypher formed, I was unaware of it until the bat pattern below it did not result in a positive pip return. Sometimes smaller advanced patterns cannot be executed because of larger patterns engulfing them. Now, if the smaller advanced pattern goes in the direction of the trend that forms the larger one, you will be more secure in executing trades on smaller time frames. As you can see on the chart, the first bat pattern was successful while the next one was not because I was not aware of the larger pattern on the daily chart. Based on the RSI, the bullish momentum is not finished so a triggered sell limit order should be on it's way. I am looking for targets at structure. The first on being at the B Leg, following the next two levels of structure beneath B.

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