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RaynLim

GBPAUD - Bullish Bat

Long
British Pound / Australian Dollar (FX:GBPAUD)  
RaynLim  
FX:GBPAUD   British Pound / Australian Dollar
Support and Resistance Candlestick Analysis Harmonic Patterns askforex100 GBPAUD Bullish Bat countertrend rsidivergence checkback rsioversold
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supportandresistance candlestick harmonicpatterns askforex100 gbpaud bullishbat countertrend rsidivergence checkback rsioversold
The overall trend of GBPAUD is a Bearish Trend. You must know that the bearish trend is pretty strong with the current market condition.

However, there is a counter-trend trading opportunity; a bullish bat pattern has been completed, and at this moment, it is having its retest. You can wait for a 3-bar reversal pattern before engaging the trade.
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