LewisGlasgow

EUR/AUD - Bearish Bat

Penjualan
LewisGlasgow Diupdate   
FX:EURAUD   Euro / Dollar Australia
What's up everyone, here we have EUR/AUD with a bearish bat pattern on the 4h chart.

Excellent opportunity with almost a 1:4 risk to reward.

This is a re-post but I would like to highlight the importance of the resistance zones shown in grey.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

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Komentar:
Remember we have the EUR interest rate statement in less than one hour, be careful trading any pairs including this currency.
Komentar:
Just a quick update on my outlook for this currency pair, I see a move back down to the major support level below the 0.382 retracement level.


Once this happens we will analyse the pair further to validate a further decline to 0.618.

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