On the EUR.AUD 4hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.4268 & 1.4310
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.4000
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.4158
Target 2 - 1.4089
The price reversal zone on this pair is between 1.4268 & 1.4310
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.4000
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.4158
Target 2 - 1.4089
Bình luận:
Previous analysis for those who messaged me.
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D leg completion at 1.4268 is now complete.
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I just wanted to update this post as there seems to be a little confusion.
Once a pattern completes, it doesn't automatically generate a trade as there are multiple other indicators that need to be aligned.
I have strict rule set that must be followed, this not only removes subjectivity but also increases long term profitability.
Have a good week.
Once a pattern completes, it doesn't automatically generate a trade as there are multiple other indicators that need to be aligned.
I have strict rule set that must be followed, this not only removes subjectivity but also increases long term profitability.
Have a good week.
Bình luận:
If you entered at 1.4268 your target should now be attained.