Hello Traders,
We have a potential bullish bat pattern setting up on GBPAUD hourly chart. If pattern completes, we expect price to resist in PRZ and set us up for long opportunity. Here, PRZ is made of 1.27AB=CD, 2BC and 0.886XA Fibonacci ratio confluence. This potential trade setup has a risk/reward ratio of 1:1.4 for target1 and 1:2.2 for target2.
Happy Trading!!!
We have a potential bullish bat pattern setting up on GBPAUD hourly chart. If pattern completes, we expect price to resist in PRZ and set us up for long opportunity. Here, PRZ is made of 1.27AB=CD, 2BC and 0.886XA Fibonacci ratio confluence. This potential trade setup has a risk/reward ratio of 1:1.4 for target1 and 1:2.2 for target2.
Happy Trading!!!