AUDUSD - Bullish Bat

225
It seems like this week Bat Pattern is all Fib3 Bats, which means it has failed to touch the Fibonacci Retracement level of 50%.

Of all the Bat Pattern that was posted this week, AUDUSD Bat Pattern is more likely to fail because of an internal bearish flag pattern.

You have to watch closely how the candle responded at Point D on its PRZ level before engaging on this counter-trend trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.