Despite a spike higher, the pattern wasn't violated and an Outside Bar added to the potential reversal patterns shown in this .
The price closed below its daily downtrend line.
0.75 is the nearest daily
0.725 is the nearest daily
0.7 is a weekly
scenario - Short as long as $EURAUD remains below 0.75 (latest spike). Wait for a pullback to re-test near 0.75.
scenarios - 0.725 (weak) and 0.71 (strong) are two potential buy zones.
Tomer, The MarketZone
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