GBPAUD Potential Bat Pattern Daily TF
Hello Traders!!!
Its been a while since ive posted lol
We have the completion of the pattern lining up nicely with a strong support level @1.59000. The AB=CD pattern inside the pattern is almost completed once price reaches 1.611+ which is lined up perfectly with the .886% fib level. Now that price broke the 1.618% of the BC projection to the downside, im looking for price to continue bearish and begin to consolidate and lose momentum as we get to our target areas.
Ideally, i want to see price push to 1.60000 and see price test that level of support.
Its been a while since ive posted lol
We have the completion of the pattern lining up nicely with a strong support level @1.59000. The AB=CD pattern inside the pattern is almost completed once price reaches 1.611+ which is lined up perfectly with the .886% fib level. Now that price broke the 1.618% of the BC projection to the downside, im looking for price to continue bearish and begin to consolidate and lose momentum as we get to our target areas.
Ideally, i want to see price push to 1.60000 and see price test that level of support.