AUDUSD High Probability Bullish Bat Pattern

Price has broken above a long term valid slope slide parallel, and is now pulling back most likely to test it. If it does, we will have the completion of a bullish bat pattern which offers a great risk/reward ratio in case we aim for the median line of the smaller upsloping pitchfork. Sl & tp as shown at the chart. If price reaches the first tp we move sl at breakeve at 2nd position.

Ordre annulé:

Altough price has reached the entry point of the pattern, i am interested taking this trade, as pricehas broken below the red support line, and the formation of the bat is no longer valid.