Hi traders,
On the AUDCAD we can see a potential bat pattern forming. Completion will be at point D, at a value of around 1.00800. This lines up with the red trendline and previous structure. Stop goes above X.
Entry: 1.00800
Stop: 1.02270
Target: 0.98348 = R:RR 1.66
Updates will follow. Best of luck :)
On the AUDCAD we can see a potential bat pattern forming. Completion will be at point D, at a value of around 1.00800. This lines up with the red trendline and previous structure. Stop goes above X.
Entry: 1.00800
Stop: 1.02270
Target: 0.98348 = R:RR 1.66
Updates will follow. Best of luck :)
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