BastiatMises

AUD/USD 1 Hr Chart: Possible Short-term Pullback or Reversal.

Short
BastiatMises Updated   
FOREXCOM:AUDUSD   Australian Dollar / U.S. Dollar
Bat Pattern 1H & 4H Chart

Stop: 0.66156
T1: 0.64807
T2: 0.64388

Potential completion of Harmonic Bat Pattern.

Double Top seems to forming at D Point.

Price is struggling at the Minor Qtr. .65000

There is also a test of previous March 11, 2020 structure.


Potential Scenarios

Comment:
Manual Entry 0015 CST

E: .65497

T1 Reached @ 0.64807.

Moving SL to .64996.

Letting it run.
Comment:
Both targets reached. Bat Pattern Complete.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.