ThomasJeff_DCM
Short

GBPAUD Potential bearish Bat pattern at resistance

FX:GBPAUD   British Pound/Australian Dollar
Here we got a little setup for next week to watch out for, its the infamous Bat pattern after we got a double top at resistance we are now forming the Bat pattern . If price retrace up to resistanceand we see an overbought RSI , we go short with stop above resistance with a very fair R:R for this kind of trade.

Take care in the markets in the coming week, the market seems to be getting back to normal after China shock it a bit, but lets see.

Kind regards
Thomas Jeff
I just moved stops to the resistance area at 2.1527
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ThomasJeff_DCM PRO ThomasJeff_DCM
a year ago
Stop moved to break even
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