Hey, Traders. Here on the AUDUSD we have a valid bat pattern setup according to my specific rules for this pattern. To go deeper into the analysis behind this trade, if we zoom out to a daily chart, then we can see that this market is also in a down trend and back up against previous support that could now become resistance and here on the hourly chart we have also created a double top and broke through the neckline, confirming that this could possibly be a reversal on this time frame.
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Website: www.thetradingchannel.net
If you would like to learm more about advanced patterns, I have FREE tutorial at : www.youtube.com/chan...9ubdGcvZh_dvSV2z1hoQ
Like my facebook for more trade examples and to connect. Facebook = www.facebook.com/thetradingchannel.net/