2018Jun05 GBPAUD D1 Possible Bullish Bat

There is a possible bullish bat for GBPAUD. Upon D completion at 1.72594 (88.6 of XA) and confirmation of the bullish bias, I will go long. Stop loss is just below point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. Tentative details are as follows:

Trade Setup: Possible Bullish Bat
Price Entry 1.72594
SL 1.70930 | SL pips 166.4
TP1 1.77366 | TP1 pips 477.2
TP2 1.80314 | TP2 pips 772.0
TP3 1.85086 | TP3 pips 1249.2
RRR1 2.87 | RRR2 4.64 | RRR3 7.51

Order avbruten:

This setup is invalidated as D completion did not occur. (June 5)