EURAUD: Potential Bullish BAT patern
Price is breaking a strong resistance zone (green) and we have a potential bullish BAT pattern that completes near the trend line and in this situation we have a trend continuation pattern. There is a high possibility that price can reverse in the yellow zone. For more see on the chart.
Good Luck
Good Luck
Comment:
Price compelted the BAT pattern and is breaking the trend line. Also it is facing with 200 EMA as dynamic resistance level. For those who are in the trade 38.2% Fib.Retracement from A to D leg was achieved but as long as we are in a bullish continuation pattern the prices should go a lot higher after breaking 200 EMA.
Price compelted the BAT pattern and is breaking the trend line. Also it is facing with 200 EMA as dynamic resistance level. For those who are in the trade 38.2% Fib.Retracement from A to D leg was achieved but as long as we are in a bullish continuation pattern the prices should go a lot higher after breaking 200 EMA.
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