BAT FLYING IN ON AUD

Hello, traders, here we have a possible Bat pattern near completion awaiting the D point which is required to validate the pattern. We will look for signs for reversal at the possible reversal zone (PRZ). Stop typically placed above the X point and target 1 at .87000 and target 2 at 0.86150. The PRZ must be monitored for reversal confirmation after seeing how price reacts in this area. Bat patterns can fail and in most cases results in a crab pattern. We will see what happens if this pattern completes.

Traders should not predict the market but react from it. Trade smart don’t gamble!