On
EURAUD
, last move broke previous structure and market doing down on 1H bars. Today, EURAUD is Bearish, but its going to make its correction soon. There is a key zone at 1.5902, where price had reactions before. It is more likely that it will act as support if it hits next time.
Moreover, Gartley Pattern appears which finishes its D leg exactly at key zone, 1.5902; which increases probability of this set up. Also, we have exact zones where to enter and put our SL and TP. Risk/Reward is nice too.
T1 - 38.2%
T2 - 61.8
EURAUD
, last move broke previous structure and market doing down on 1H bars. Today, EURAUD is Bearish, but its going to make its correction soon. There is a key zone at 1.5902, where price had reactions before. It is more likely that it will act as support if it hits next time. Moreover, Gartley Pattern appears which finishes its D leg exactly at key zone, 1.5902; which increases probability of this set up. Also, we have exact zones where to enter and put our SL and TP. Risk/Reward is nice too.
T1 - 38.2%
T2 - 61.8
