AUDUSD bat pattern with trendline

١٨ يوليو ٢٠١٦

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!

٢٧ يوليو ٢٠١٦

تم حذف الأمر

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

٢٩ يوليو ٢٠١٦

ملاحظة

Pattern still valid. Entry is back on.

١٩ أغسطس ٢٠١٦

تم فتح الصفقة

٣٠ أغسطس ٢٠١٦

ملاحظة

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.

٨ سبتمبر ٢٠١٦

ملاحظة

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