2018Jun08 AUDUSD H1 Possible Bullish Bat

There is a possible bullish bat for AUDUSD. Upon D completion at 0.76041 (88.6 of XA) and confirmation of the bullish bias, I will go long. Stop loss is just below point X. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD and point A. Tentative details are as follows:

Trade Setup: Possible Bullish Bat
Price Entry 0.76041
SL 0.75898 | SL pips 14.3
TP1 0.76318 | TP1 pips 27.7
TP2 0.76489 | TP2 pips 44.8
TP3 0.76766 | TP3 pips 72.5
RRR1 1.94 | RRR2 3.13 | RRR3 5.07

Order storniert:

This setup is invalidated with a candlestick closing below 0.76041 (88.6 of XA). (June 8)