GBPAUD Potential Bat Pattern Daily TF
Hello Traders!!!
Its been a while since ive posted lol
We have the completion of the pattern lining up nicely with a strong support level @1.59000. The AB=CD pattern inside the pattern is almost completed once price reaches 1.611+ which is lined up perfectly with the .886% fib level. Now that price broke the 1.618% of the BC projection to the downside, im looking for price to continue bearish and begin to consolidate and lose momentum as we get to our target areas.
Ideally, i want to see price push to 1.60000 and see price test that level of support.
Its been a while since ive posted lol
We have the completion of the pattern lining up nicely with a strong support level @1.59000. The AB=CD pattern inside the pattern is almost completed once price reaches 1.611+ which is lined up perfectly with the .886% fib level. Now that price broke the 1.618% of the BC projection to the downside, im looking for price to continue bearish and begin to consolidate and lose momentum as we get to our target areas.
Ideally, i want to see price push to 1.60000 and see price test that level of support.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.