FullTimeTrader
Short

EURAUD-H1-to continue the main down trend

FX:EURAUD   Euro / Australian Dollar
219 9 3
Nice area to join the main down trend.
We have the price bouncing from the trendline resistance and formed and AB=CD pattern.
The RSI shows also a bearish direction.

Best regard.
Has same thoughts on the downside, but now looks more to the upside
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HiTech HiTech
besides, do you see inverse head and shoulders?
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RayyanAljohani RayyanAljohani
DAILY
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Thanks for sharing. Can this be alternative scenario?
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FullTimeTrader TradeYodha
I was stopped out, i will try to reenter near 1.400. I saw your post before but i think the cypher pattern is not valid. As i know the C point must close a candle below 1.27 .....
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TradeYodha FullTimeTrader
Ok. Thanks mate. There are other factors too in that zone.

I have been testING with this alternate cypher where c point can be between 111.3 and 141.4 so far 4 tests have been successful but that may be just coincidence. I will back test it more
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Hello FullTime ProTrader,

On this scenario, the resistance area is a flip zone?

Thanks.
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nice area of confluence. thanks for sharing.
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