Art_of_Trading
Long

EURAUD: Potential Bat Pattern (Long)

FX:EURAUD   Euro Fx/Australian Dollar
On FX:EURAUD             , the price has no direction bias and it mostly moves sideways. We have no higher high and higher lows. This type of market is great for harmonic traders. There is a potential bat pattern . which gives a signal for entry and where to set stop loss and take profit. Also, it is great risk/reward ratio. The structure low is at 1.5040, which acted as support few times and it is more like that the price will respect that level again.
T1 - 38.2%
T2 - 61.8%
I do not recommend to leave this trade for weekends.
------------------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - http://www.trading-library.com
Comment: The price hit the buy limit order.
Comment: I would not recommend leaving the trade at the weekend. Locked the profit, when it hit T1
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
中国
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out