AUD/USD - 1h Chart - Bat Pattern
Bat Pattern - D leg completion at 0.7168 - Bearish Pattern
Price has broken above the B leg resistance level and is now making a strong move towards the D leg completion of the Bat Pattern.
As there is no strong resistance level approaching it is more than likely we will get a completion of this Bat Pattern in the coming hours.
Although advanced and harmonic patterns are based purely of price action, we always should be cognizant of the Aussie data which will be released at 02:30 Sep 15 GMT.
Potential targets are placed at the .382% and .618% retracement of the C to D move.
Stop loss has been placed above X leg structure resistance.
www.UKForexSignals.com
Bat Pattern - D leg completion at 0.7168 - Bearish Pattern
Price has broken above the B leg resistance level and is now making a strong move towards the D leg completion of the Bat Pattern.
As there is no strong resistance level approaching it is more than likely we will get a completion of this Bat Pattern in the coming hours.
Although advanced and harmonic patterns are based purely of price action, we always should be cognizant of the Aussie data which will be released at 02:30 Sep 15 GMT.
Potential targets are placed at the .382% and .618% retracement of the C to D move.
Stop loss has been placed above X leg structure resistance.
www.UKForexSignals.com