Completed Bullish Bat Pattern on the AUS200 Hourly Chart.
List of confluence
Trend line is holding really strong
Double/Tripple bottom shows strong support
Pattern is completed at 886 and quickly bounced.
Hourly Candle shows strong buyers/bull
Good opportunity to Short as a BAT Pattern C to D leg is forming.
Watching this the next few days and will be looking for price action around the 80.900 - 80.950 level to signal to short.
3 key points why I want to short this.
High time frame shows this pair is still on a downtrend
Bat pattern is formed right at ...
My view on the Daily/H4 on USDJPY is that it is currently in consolidation.
On the Hourly Chart we have an ABCD pattern formed at a Support area and also at the height of the parallel channel.
Aiming for 382 for T1 and 618 for T2
P.S. My view is for education purposes only and I welcome all constructive comments ...