AUD/NZD - Bat Pattern
Here on the 4h chart of AUD/NZD we have a potential long Bat Pattern opportunity .
As you can see price on the 4h is falling into strong structure support, which if broken should indicate a push lower to a D leg completion.
Depending on your trading plan and style, you could get short at the break of the B leg support level in anticipation that price will complete at the D leg of the Bat Pattern .
A more conservative approach would be to await price to complete at the D leg of the Bat Pattern before getting long.
I feel both the aggressive and conservative approach are plausible, but always trade your plan.
Anymore information don't hesitate to contact me.
Have a great trading week.
As you can see price on the 4h is falling into strong structure support, which if broken should indicate a push lower to a D leg completion.
Depending on your trading plan and style, you could get short at the break of the B leg support level in anticipation that price will complete at the D leg of the Bat Pattern .
A more conservative approach would be to await price to complete at the D leg of the Bat Pattern before getting long.
I feel both the aggressive and conservative approach are plausible, but always trade your plan.
Anymore information don't hesitate to contact me.
Have a great trading week.