AUDCAD 1H Bullish Bat Pattern

Bullish bat pattern forming on AUDCAD, indicating a possible bounce back after a fake breakout of consolidation triangle (indicated by green arrow).

Long position with
entry at point D,
Stop loss at X
take profit 1 at 61.8% retracement and previous resistance at 1.02332

OR

Short position with possibility of real breakout and testing previous strong support at 0.99868.

Looking out for the action in the PRZ. Goodluck guys!

Kommentera:

Trade closed Target Reached