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UnknownUnicorn99356

EURAUD: Bearish Bat Pattern At Key Resistance Zone

Euro / Australian Dollar (FX:EURAUD)  
UnknownUnicorn99356  
FX:EURAUD   Euro / Australian Dollar
Bat Harmonic Patterns
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batpattern harmonicpatterns
Price in the weekly chart has formed a pin bar after retesting a key resistance level plus the .618 fibonacci level of the 1.53262 - 1.36771 leg. In that level we indetified a bearish bat pattern which makes our short setup much more powerful.

In this image you can see the setup in the weekly timeframe:
snapshot

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