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glennmercer

SHORT EURAUD: BAT + 2 TRENDLINES + PIVOTS

Short
Euro / Australian Dollar (FX:EURAUD)  
glennmercer  
FX:EURAUD   Euro / Australian Dollar
EURAUD Bearish Bat Bat batterfly confluence PRZ Trend Lines projection AB=CD missedpivot missedpivots pivot Pivot Points
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euraud bearishbat batpattern batterfly confluence prz trendline projection abcdpattern missedpivot missedpivots pivot pivotpoints
EURAUD has completed a bearish bat pattern in a PRZ that aligns with resistance provided by 2 significant trendlines. Missed pivots sit below price to add to the bearish bias. SL is placed above trendlines with target at .618CD.

Confluence in the PRZ:
1. Bearish bat pattern completion
2. Significant trendline resistance
3. 2BC projection
4. 2.618AB=CD
5. Missed pivots below price

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