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Akil_Stokes
Mar 31, 2015 12:05 AM

EURAUD: Bullish Flag Breakout Long

Euro Fx/Australian DollarFXCM

Description

Just shot this to my Syndicate members but wanted to give you guys a look as well. Playing for a simply low risk high reward breakout on EURAUD as we've just created a HHHC above previous structure (looking left). Normally I play for a bigger move to the 1.272 but the even handle and next resistance level doesn't make it worth the risk.
Comments
FXTPTeam
BTW, already broken to the down side. cheers
Akil_Stokes
Correct, it has broken to the downside. Made a push up to retest highs, just not far enough
jorgealvarez
akil, can u see a dobbelt top @78.6, possible 2618... (cipher 1h, DAX) x=oldest top
FXTPTeam
Look at the 4h TF, the wicks around the 1.416 S&R level are heavy bearish. It will be a problem for it to pass this level. And if it will pass, there is a possible bearish butterfly completion at 1.425...
sabidawg
Is there a bearish gartley in play on the 4 hour chart right now?
Akil_Stokes
No, not one that i can see.
riskmode
there was about 80 hours ago
Akil_Stokes
I remember one from last week that stopped me out. Maybe that's the one he's referring to
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