Bat pattern near to D completion point Hey guys,
there's not so much on my radar today. Nonetheless i've found a nice advanced pattern formation that is near to the completion point. It is a Bat pattern and its D point comes near to the daily structure level i've outlined with the black line.
Always have the bigger picture in mind.
Stops below X, targets at .382 and .618 retracement of AD leg.
If you want to share your standpoint or ask questions, feel free to comment below.
Otherwise, see you in the next chart!
Euraudbuy
EURAUD short termwe have multiple resistance's, one even dating back from August 3rd 2016. On the daily price is being squeezed. Price has failed at this resistance trend line multiple times and doesn't look like it has the strength to break it now, however if price breaks above the trade will be invalid.
EURAUD Is reversing I have been waiting for this to get down to resistance and reverse. Waiting for it to break the middle resistance 1.42522 before I go long. RSI MACD both signaling upwards. A few leading indicators for EUR economy is coming out today, might be worth waiting for those before going in. The only thing I don't like is going long on a trend that is generally short (EURAUD have been trending down the past year). So be aware of that.