Nico.Muselle
Short

GBPAUD - bat profit taking into 2618 trade

FX:GBPAUD   British Pound/Australian Dollar
697 0 16
Yesterday this bat pattern completed and I'm currently in a long trade taking profits from this pattern. Target 2 is the 0.618 retracement of the previous move down.

If we reach that target, another one of my favourite patterns completes, the 2618 trade (double top, break of neckline and a retest of the highs/lows into the 618 retracement.

So, if that 618 retracement is reached (which also happens to be at previous structure), we can do a stop & reverse and go short again.

**** UPDATE ****

the .618 retracement was reached and I took profit, now looking for a clear reversal sign to go short again.
snapshot
This pair has really been treating me nicely lately !
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