Roker1
Long

Bat formation near completion!

FX:GBPAUD   British Pound / Australian Dollar
Hi guys,
here you can see a bat formation near to the completion D point. However, my analysis started from higher timeframe, where i've indentified the strong daily support sitting at 1,60 even handle number. The harmonic formation ends up right there and therefore i think it could be a nice opportunity to go long.
Stops below X, targets at the .382 and . 618 retracement of AD leg.
Good trading!

If you want to share your standpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Trade active
Comment: 90% of target1 attained, so i move my stop to break even. I don't want to lose when i get so close to target.
Trade closed: target reached: First target hit! Stops at break even now.
Trade closed: target reached: Target2 hit! Nice and clean!
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
Great find!
+1 Reply
@Muddi, thank you!
Reply
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