AUDUSD 60min Bearish Trend Continuation Trade (TCT) & Bat Patter

26 Oca 2016

Here is a Bearish TCT setup on AUDUSD. I'm looking to get back in the direction of the overall trend which is bearish. There is also a POTENTIAL Bull Bat lurking down at the lower levels that we can keep our eye on.

I took this @ Market.

Stops - 1 ATR above last swing high

Target #1 - Retest of Previous Lows

Target #2 - 1.27% Fib Ext. This also lines up with a Potential ABCD Pattern.

27 Oca 2016

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