EURAUD has been falling in September but it seems like there is a bottom out happening.
Here are the reasons this bat pattern may work out.
1) There is a daily inverted head and shoulder forming.
2) There is a trendline support
3) A H4 bat pattern is forming
4) Round number of 1.46 as well.
I will keep an eye on the bat pattern for a confirmation to go long.
Here are the reasons this bat pattern may work out.
1) There is a daily inverted head and shoulder forming.
2) There is a trendline support
3) A H4 bat pattern is forming
4) Round number of 1.46 as well.
I will keep an eye on the bat pattern for a confirmation to go long.
Note
The correct level where the pattern completes is 1.4560 and not 1.46Trade active
The trade hit the buy zone and is active now.Note
Trade is running with 100 pip profit. Switched to breakeven now.Trade closed manually
This trade is closed with about 30 pips profit. Always important to protect your position when it moves in your favour.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.