AUDUSD potential short opportunity on a Bat formation

2 may 2016

Here we got a potential Bat formation on the AUDUSD, it´s with the overall trend and RSI is going overbought. Our PRZ level is around 0,76405 Stops go at 0,76532 our first target are 0,76202

Kind Regards
Thomas Jeff

2 may 2016

Nota

This was an exciting one, it came to our stop exactly to the pip, but our 0,5 pip spread saved us and target to reached. We talked about earlier that the aussie is over inflated, i think there is something to it.