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KlejdiCuni

EURAUD: Bearish Gartley and potential Butterfly

Short
Euro / Australian Dollar (FX:EURAUD)  
KlejdiCuni Updated   
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Harmonic Patterns Wave Analysis
7
0
trendanalysis harmonicpatterns waveanalysis
EURAUD is correcting for several days inside a narrow box from 1.5610-1.5810. Now we have price again near the resistance zone and completed also a bearish Gartley pattern. In this situation we can see a retest of the support zone again (green box). If price is going to break the resistance zone (red box) then we can see the completion of a bearish Butterfly pattern at 1.5950 and another possibility to sell again.

Good Luck!
Comment:
Butterfly pattern completed according to what i was expecting as potential second option.
snapshot
Comment:
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