AUDUSD: Potential bearish bat forming
A potential bearish bat harmonic pattern could be forming the next days at
AUDUSD
into a strong resistance area. The overall trend is bullish so once the pattern is valid, it's a potential counter-trend trade with a RR 1:1 on 0.382 an RR 1:3 at 0.618 retracements. I think it's worth to closely monitor if this pattern will form.
AUDUSD
into a strong resistance area. The overall trend is bullish so once the pattern is valid, it's a potential counter-trend trade with a RR 1:1 on 0.382 an RR 1:3 at 0.618 retracements. I think it's worth to closely monitor if this pattern will form.