EUR/AUD - Bullish AB=CD MM

13 Feb 2020

Excellent swing trading opportunity just formed on EUR/AUD.

Trading Pair: EUR/CAD
Time Frame: 4 Hour Chart
Formation: Bullish AB=CD MM

Price has fully tested the potential reversal zone, I'm currently waiting on the next candle close before entering which looks like it'll be a hammer or doji.

I'll be closely monitoring the progress of price and RSI.

13 Feb 2020

Nota

Apologies I made a mistake typing the trading pair, it should be EUR/AUD.

13 Feb 2020

Dagangan aktif

14 Feb 2020

Nota

Update on the 1h chart.

14 Feb 2020

Nota

I've noticed another error in my post, the title should read "EUR/AUD - Bullish AB=CD RSI MM". I've come to the end of an 80-hour water fast, probably for the best as I'm mistyping everything lol!

Anyway, I do have an update for you all... Zooming in on the PRZ to see what's happening on the intraday timeframes.



This is worth paying attention to if support breaks as we may see a re-test of 1.61250.

17 Feb 2020

Nota

Update on the 15m chart.



Looking for a break to the upside.

17 Feb 2020

Nota

Movement to the upside, close above resistance.

20 Feb 2020

Nota

TP 1 achieved, move your stop loss to break even and continue to monitor position.

21 Feb 2020

Nota

To those holding, I would close out the majority of your position if not already... We may go short based on a smaller bearish bat, pay attention to this structure.

21 Feb 2020

Dagangan ditutup: sasaran tercapai