Trade Ideas Educator: AUDCAD Bat

This bearish bat setup is 1 of my favourite for this week and that's because on the daily chart Point X to Point A is the move that breaks a few small support level. Although if the market break lower and close lower it will be even better, this is something I can't complain about.

This trade may enable me to have a trade extension on a trend following setup. A break and close below point A will ensure that to happen. Let's see how this trade goes.

Well if you are searching for help and a community, have a look at the links on my signature, hope to see you soon in our TIP community.