On the EUR.AUD 4hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.4787 & 1.4880
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.4192
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.4512
Target 2 - 1.4346
The price reversal zone on this pair is between 1.4787 & 1.4880
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the C to D move.
There is also an opportunity to look for extended targets at around 1.4192
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.4512
Target 2 - 1.4346
評論:
EUR.AUD bat setup still valid for a potential short opportunity.
評論:
Please note, this setup is still valid.