GBP.AUD - BEARISH BAT SETUP - 1.6368
On the GBP.AUD 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.6368 & 1.6398
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 C to D move.
There is also an opportunity to look for extended targets at around 1.6150
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.6274
Target 2 - 1.6215
The price reversal zone on this pair is between 1.6368 & 1.6398
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 C to D move.
There is also an opportunity to look for extended targets at around 1.6150
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.6274
Target 2 - 1.6215
Commento:
Commento:
This setup is still valid as it approaches the D leg completion.