AUD.USD - Bullish Bat Setup - .7566

On the AUD.USD 1hr chart we have a potential long opportunity's at the D leg completion of bullish Bat setup.

The price reversal zone on this pair is between .7566 & .7550
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.

Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at .7680
Stop loss would be placed below X leg structure support.

Target 1 - .7617
Target 2 - .7647

Commento:

Price broke and closed below a strong 1hr support at .7633
A consolidation period as been underway now making a wedge formation.
A push lower is now expected.

Commento:

Commento:

Please note, although price has moved away from the D leg completion, the setup is still valid.