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TheTradersAvenue
Jan 4, 2023 11:00 AM

EURAUD > The Best Place for A Buy You Do Not Want to Miss. Long

Euro Fx/Australian DollarFXCM

Description

Analysis of #EURAUD

Hi traders, today we will have a look at #EURAUD


as you can see on my chat we now have an invalid bat or Gartley pattern, doesn't matter what we call it now

it is not valid now because the market has broken its support level, right now I am anticipating the market keep pushing down to test the next level of support near 1.5300.

you see you know why I always wait for confirmation on harmonic patterns before I get in the trade unless it is at a really very strong resistance or support level that has been tested before for that I might set a limit order to get in

if the market keeps pushing down to test the next level of support I will be looking to buy the market and what I will be doing is drop on the lower time frame and look for a reversal pattern and confirmation before getting in a trade




I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one

Thanks for your continued support!
Comments
Setupsfx_
Nice work 👏
TheTradersAvenue
@Setupsfx_, you are welcome
ProjectSyndicate
awesome overview and write-up thank you
TheTradersAvenue
@ProjectSyndicate, appreciate the kind words
FOREXN1
Possible rebound here, agree !
TheTradersAvenue
@FOREXN1, thanks for the comment.
InkyGrip
A Clear EURAUD chart. I have the same opinion but the market needs more volume
TheTradersAvenue
@plancton0618, thanks mate for the comment.
Serana2324
Great update thanks!
Highest1
@Serana2324 hi happy new year, was this analysis helpful to you?
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