EURAUD H4 Chart Overview

Pattern / Reason: Bearish Leonardo
Time Frame: H4
Accuracy: 68 %
Recommended Lot: 0.10 at 10 K
Active/Pending: Pending
Trade: Short
Entry: 1.62300 - 1.62
Stop Loss: Above X 1.62600
TP1:1.62050
TP2:1.61800
TP3:1.61470
Divergence/ Convergence Confirmation: Not Yet ( On the H1 Chart Bearish MACD Divergence )
Candle Pattern Confirmation: Not Yet
Moving Average: Bullish ABove 1.61200 on H4
Murrey Math: 8/8 Extremely Overbought and correction level at 1.62350
Note 1: If the pattern does not work as predicted 1.6296 will be used the second entry.
Note 2: Employment Data may create volatility on Thursday.
Note 3: Firm H4 Closing Below 1.61470 will confirm the bearish continuation
H1 Chart:


As seen on the H1 Chart, Bearish Butterfly Pattern has been completed.

Pattern / Reason: Bearish Butterfly
Time Frame: H1
Accuracy: 72 %
Recommended Lot: 0.10 at 10 K
Active/Pending: Active but we need to see the markets opening.
Trade: Short
Entry: 1.61900 - 1.61800
Stop Loss: 1.62050
TP1:1.61740
TP2:1.61600
TP3:1.61470
Divergence/ Convergence Confirmation: Bearish MACD Divergence and Bearish OSMA Divergence on M30 Chart
Candle Pattern Confirmation: Not Yet
Moving Average: 1.61450 Intraday Support
Murrey Math: -2/8 Extremely Overshoot and correction level at 1.62040

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