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girisuta
Sep 8, 2015 4:25 AM

Bearish bat pattern for GBPAUD Short

British Pound/Australian DollarFXCM

Description

AUD may be in bearish pressure right now, especially after ugly China data today. However, I think AUD should be strengthen a bit, before it continues it bearish trend.

I'm expecting that this bearish bat pattern will perfectly form by this week.
EP: 2.2255
SL: 2.242
TP: 2.1395

This is a revised version of my previous idea on GBPAUD.
Comments
KristjanRoivas
Any update how you think it´s going to fall out?
girisuta
Thanks for your comment Kristjan.
The trade was not triggered as I proposed in the chart above.
It seems that the pair followed the bearish bat pattern I posted in my previous idea:



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