EUR.AUD - Short Opportunity @ 1.4268

18 Apr 2017

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 1.4268 & 1.4310
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 1.4000
Stop loss would be placed above X leg structure resistance.

Target 1 - 1.4158
Target 2 - 1.4089

18 Apr 2017

Nota

Previous analysis for those who messaged me.

19 Apr 2017

Nota

D leg completion at 1.4268 is now complete.

20 Apr 2017

Nota

I just wanted to update this post as there seems to be a little confusion.

Once a pattern completes, it doesn't automatically generate a trade as there are multiple other indicators that need to be aligned.

I have strict rule set that must be followed, this not only removes subjectivity but also increases long term profitability.

Have a good week.

23 Apr 2017

Nota

If you entered at 1.4268 your target should now be attained.