I am currently in the AUD/USD trade I posted last night, we have a potential bullish Bat on the GBP/JPY on 4 Hr chart completion at 143.53, conventional targets at 38.2 & 61.8 stops being below X leg. Penetration of B leg has already occurred.
Hi Everyone, hope you all had a lovely weekend. Thought I will quickly shoot this on Tradingview, If you look at the 4 hr some will notice that we had a breakout of a bullish flag pattern. Now personally I don't trade this pattern but I can use it as a confluence. For breakout traders they will be waiting for a retracement to go long, me, on the other hand, is ...
After analyzing NZD/USD, I have a bearish bias and predicting price action to test close to 0.6983, if PA pushes up before reaching that level, we have a potential bearish bat @ 0.7097 within my Kill Zone giving me an aggressive entry.
Wish everyone a great trading week.