EUR.AUD - Short Opportunity Into Next Week
On the EUR.AUD 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.5057 & 1.5074
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at around 1.4940
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.5005
Target 2 - 1.4973
The price reversal zone on this pair is between 1.5057 & 1.5074
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at around 1.4940
Stop loss would be placed above X leg structure resistance.
Target 1 - 1.5005
Target 2 - 1.4973
Comment:
If you entered at 1.5057 your target 1 & 2 would be attained.