Snehath
Long

1.46 is the magic number for EURAUD

FX:EURAUD   Euro / Australian Dollar
EURAUD             has been falling in September but it seems like there is a bottom out happening.

Here are the reasons this bat pattern may work out.

1) There is a daily inverted head and shoulder forming.

2) There is a trendline support

3) A H4 bat pattern is forming

4) Round number of 1.46 as well.

I will keep an eye on the bat pattern for a confirmation to go long.
Comment: The correct level where the pattern completes is 1.4560 and not 1.46
Trade active: The trade hit the buy zone and is active now.
Comment: Trade is running with 100 pip profit. Switched to breakeven now.
Trade closed manually: This trade is closed with about 30 pips profit. Always important to protect your position when it moves in your favour.
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