lukeboland

GBPAUD: BEAR BAT IN THE WORKS

FX:GBPAUD   British Pound/Australian Dollar
Hi Traders,

GBPAUD             is forming a potential bearish bat pattern, with a D leg completion at 2.11200. At current price we are around 300 pips away from the completion. While this is quite a distance on major pair, GBPAUD             has a large ATR and can easily move 300 pips in a day or two. Something to keep in mind. We have RBA rate statement later today at 3:30 GMT             , so that will likely give this pair a kick.

Good trading,

Luke
Order cancelled: Pattern now invalid with the A leg broken.
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