OANDA:AUDNZD   Australian Dollar / New Zealand Dollar
Price with this pair has began to range- the ideal market for harmonic patterns! Among the chaos, we have a bearish bat formation- expecting price to drop from around 1.12 to 1.06, a potential return of 600 pips! Stop loss just above the high prior to the X point but still keeping the 1:2 risk:reward!

Bat ratos
AB: 0.382-0.5
BC: 0.382-0.886
CD: 1.618-2.618
XD: 0.886

Comments

I agree and I think we will likely hit 1.05 to 1.04 levels before we meet a 1.15 mark.

I also think we might even hit 1.05 levels before we hit $1.10+ on this trade. With all of the hype I think this trade is off level and way over bought.
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