2018Nov15 AUDUSD H1 Bearish Bat

AUDUSD has been on a recent uptrend and completed a bearish bat. There is price rejection at D completion and an RSI bearish divergence. Stop loss is just above the X point while the take profit target is set at the 61.8 Fibonacci retracement level of the AD leg. I will cancel the sell limit order if price goes to TP1 before getting triggered. Trade details are as follows:

Trade Setup: Bearish Bat
Price Entry 0.72868
SL 0.73076 | SL pips 20.8
TP2 0.72154 | TP2 pips 71.4
RRR2 3.43

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