Looks like a perfect alt bat price should continue down to 248 and then to 237
EURUSD seems to be way overbought with bearish stochastic RSI divergence and making lower highs. Also This bullish bat fits like a glove on the daily chart and is still in play from last weeks high. EURUSD wont be a long until the D point of this bat below 1.06 my short take profit is at 1.07 and using a wide stop loss which is at the top of the daily cloud.
Looking at the long term picture here EURUSD just painted a perfect bullish bat pattern also the market maker M model. The target of completion for this bullish bat is near the .764 fib around 1.06784. Time to sell EUR and hold the trade until price reaches the D point of this bullish bat and then flip to long. Also the 4 hour MACD has crossed bearish.
Looks like EURUSD will reach D point of this bullish bat under the 1.06 area
.382 fib has been broke the golden ratio next stop .618 fib at the top of the cloud.
Price is starting to rise from D point of the bullish bat. Take profit is at D point of the bearish bat around .79 however will trailing stop this trade at that point to try and maximize profit closer to .80 incase the bearish bat is invalid. Also the .618 fib of the bullish bat is at .79452 which is the second take profit followed by the .38 fib
AUD on hourly chart has bullish Fisher indicator and two bullish heikan ashi candles at the bottom of C leg of this bearish bat. Will hold long until price reaches D near the .618 fib
Heres a bullish and bearish bat an upside reversal for AUD is in the cards wait for a bit more downside to enter a long at stop hunt near the D leg of the bullish bat and C leg of the bearish bat
Here are two bat patterns the larger one is bearish and if the dollar continues to lose strength the price should reach the D leg of the smaller bullish bat at the .618 fib of the bearish bat
I will be looking for dollar weakness before entering a long trade on AUDUSD however it is possible that this bullish bat might be valid AU will have sharp reversal towards upside at the purple box area near the D leg. The .382 fib would be the first target followed by the .618 fib
It looks like DXY bullish bat extended a bit further than planned and same with EURUSD bearish bat. looks like a lower high on 4 hour chart expecting price to reach .618 fib
I see 2 bullish bats one was made on the daily chart and the other on the 4 hour. The 4 hour chart bullish bat should pump DXY up to leg C of the daily bullish bat and a double top for DXY before resuming a downtrend to D leg of the larger bat which would then bring DXY to a double bottom.
Looks like EURUSD has topped at the D leg of this bearish bat. My stop loss is above 1.13 and first take profit is the .382 fib followed by the .618 for the second take profit at 1.09942.