EURAUD - Possible Short then Long Idea - No setup yet
We have resistance shown in the 886 zone on the 2 BAT patterns, they are complete.
However due to the bull stepping stones this looks exactly like the previous bullish setup apart from RSI OB now
We need to see a retest for some quality 'M' Shape reversal pattern and break the Bullish Trendline.
Then we can think about the trade.
If we get a bullish Daily candle closing above the Monthly Pivot, I wont be taking the Sell trade and considering the Bullish move to the Bearish TL for 400 or pips.
No decision yet and slight Divergence showing, just numbers so far.
However due to the bull stepping stones this looks exactly like the previous bullish setup apart from RSI OB now
We need to see a retest for some quality 'M' Shape reversal pattern and break the Bullish Trendline.
Then we can think about the trade.
If we get a bullish Daily candle closing above the Monthly Pivot, I wont be taking the Sell trade and considering the Bullish move to the Bearish TL for 400 or pips.
No decision yet and slight Divergence showing, just numbers so far.
Comment:
No Divergence as yet, reviewing at 1.506, Strong Euro momentum.