Euro / Australian Dollar

Short

EURAUD: Bearish Bat pattern completed

Updated

EURAUD completed nice bearish bat pattern. I am lookin for 4 potential targets. The first target is the trend line that fits with 38.2% fib.ret and also 100 EMA on 240 min TF. The second zone is 61.8% combined with 200 EMA on 240 min. The other two targets are the red lines, really good structure zones.

Good Luck!

Note

240 min chart

EURAUD: Potential move down

Note

TP1 reached. Watch for trend line breakout for continuation move to downside.

snapshot

Note

3-rd target reached.

snapshot

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