EUR.AUD - Short Opportunity @ Market
On the EUR.AUD 1hr chart we have a potential short opportunity at the D leg completion of bearish Bat setup.
The price reversal zone on this pair is between 1.4883 & 1.4910
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at around 1.4700
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.4802
Target 2 - 1.4751
The price reversal zone on this pair is between 1.4883 & 1.4910
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Bat setup placed at the .382% and .618% retracement of the A to D move.
There is also an opportunity to look for extended targets at around 1.4700
Stop loss would be placed above X leg structure resistance .
Target 1 - 1.4802
Target 2 - 1.4751
Comment:
Trade setup now invalid.
Comment:
The longer term outlook i would suspect is 1.5200
