EURAUD: Bearish AB=CD + Bearish Harmonic pattern+ Diamond at top
Updated
EURAUD completed an AB=CD bearish pattern, Harmonic pattern and a small Diamond pattern at the top. This is a strong confluence and pattern zone.
Diamond patterns are continues trend patterns and reversal patterns.
If the top of the diamond will be broken we can see prices to extend up to 1.6150 - 1.6190 zone. For the down side i am expecting for a move up to 1.5870 zone.
Diamond pattern is breaking down so i am considering the down move. If the pattern will change i will reverse the trade as the bullish scenario.
Good Luck!
PS:On higher Time frame I am looking for a bullish move.
Diamond patterns are continues trend patterns and reversal patterns.
If the top of the diamond will be broken we can see prices to extend up to 1.6150 - 1.6190 zone. For the down side i am expecting for a move up to 1.5870 zone.
Diamond pattern is breaking down so i am considering the down move. If the pattern will change i will reverse the trade as the bullish scenario.
Good Luck!
PS:On higher Time frame I am looking for a bullish move.
Trade closed: target reached
1/2 of position reached TP1.1/2 of position closed for BE during the night.
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