AUDUSD bat pattern with trendline

18 juil. 2016

Hi traders,

On the daily AUDUSD chart there is a potential bearish bat pattern forming. This pattern is completed around 0.776.
Entry: 0.776
Stop: 0.7895
Target 1: 0.75111 = R:RR 1.87
Target 2: 0.73596 = R:RR 3

Will keep this updated as time progresses.
Best of luck!

27 juil. 2016

Ordre annulé

Removing this entry for now. Will wait and see what the FOMC meeting brings.

29 juil. 2016

Note

Pattern still valid. Entry is back on.

19 août 2016

Transaction en cours

30 août 2016

Note

Target 1 hit. Moving the entry second position to 0.776.
The trendline between the swing low of May to the swing low of late July has been broken, so it's very likely to see some more bearish movement.

8 sept. 2016

Note

We hit the trendline again, let's see if price reverses again.