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nsawa
Mar 25, 2014 7:36 AM

EUR/AUD 1hr Bearish Bat Short

Euro Fx/Australian DollarFXCM

Description

Going down along with down trend on 4hr and 1hr, Daily PA shows a doji on 1.5150 level which did not break the low of 6 March.

Further investigation on 4hr and 1hr shows a higher low forming and a potential Bearish bat at 88.6 from last bearish swing.

88.6 happens to be on the trendline projection and a S/R area

Target is set to the low of A since it is a trend continuation trade
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