2018Apr16 AUDNZD D1 Bullish Bat

There is a bullish bat which completed for AUDNZD. Price entry at 105.536 is guided by a candle breaking and closing above the resistance of the downtrending diagonal channel. Also the same candle engulfed the bodies of the 3 previous candlesticks. Stop loss is just below point X while profit taking levels are set at the 38.2 and 61.8 Fibonacci retracement of leg AD and point A.

Trade Setup: Bullish Bat
Price Entry 1.05536
SL 1.03656 | SL pips 188.0
TP1 1.07943 | TP1 pips 240.7
TP2 1.09836 | TP2 pips 430.0
TP3 1.12899 | TP3 pips 736.3
RRR1 1.28 | RRR2 2.29 | RRR3 3.92
Status/Remarks: TP1 hit!