forextidings

EUR/AUD ABCD formation and long opportunity

Long
OANDA:EURAUD   Euro / Australian Dollar
From the beginning of June, EUR/USD made a rectangle , and it's broke this channel between points C & D. Here, I have used the ABCD pattern to set the levels. C point is 0.5, and the BC projection is 2. From D point, it fell. It will bounce from the potential reversal point, and it will reach the following target 1.67700 - 1.69600 -1.71300.

But if it breaks the potential reversal, it will fall and hit the following levels 1.64160 - 1.63210 - 1.61765.

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