AUDUSD H4 Long Opportunity Week April 4-7
I am seeing a BAT Pattern and an AB=CD Pattern completing at approx 0.7519-0.7521 with strong confluence a D point.
The D leg for both BAT Pattern and AB=CD completes exactly at 0.75205 with a FIB EXT of 1.414 a few pips away.
Low to High swing also shows another confluence of 0.382 at PRZ
The PRZ is also an a major support level.
TP1 0.760
TP2 0.765
SL 0.7479
Please feel free to comment, questions or feedback.
The D leg for both BAT Pattern and AB=CD completes exactly at 0.75205 with a FIB EXT of 1.414 a few pips away.
Low to High swing also shows another confluence of 0.382 at PRZ
The PRZ is also an a major support level.
TP1 0.760
TP2 0.765
SL 0.7479
Please feel free to comment, questions or feedback.
Trade active
Comment:
Testing Major Support Area
Comment:
Next moves? Provided there are no GAPS on Monday (Aussie open)
Trade closed: stop reached
Comment:
Good support level.
Being patient with this one
Being patient with this one
Comment:
Wait for a clear break out as the trend is still down ward direction.
Wait for a clear break out as the trend is still down ward direction.
Comment:
Trade active:
Comment:
TP1 Hit
Trade closed manually:
The other thing I forgot to mention is that PRZ is also at the extreme low on the Decending Channel.