TradingView
Andre_Cardoso
Apr 7, 2016 10:10 PM

(D) Eventual 2618 // IF=THEN ® Short

Euro Fx/Australian DollarFXCM

Description

FX:EURAUD

Double top;
Broken Neck;
Retracement; (we need a 618)

We have them all, double top followed by a broken neck, found some support @1.444$ and a pullback...
Now, we have a strong pressure zone @ previous "Neck" price zone (aka resistance), and IF we get the 61.8% retracement, i will search for eventual short opportunity;

Also a eventual ABCD pattern, but we need a confirmation of B to C leg that can terminate on any fib levels from 38% to 78%;





Safe Trades;

Comment

Comment

+/-1500 pips
Comments
JoseNeto
Showww
Ajoy12345
Do you think there is a potential bull flag here?
Ajoy12345
Sleuthy
Good write up. Thanks for the lesson. Cheers.
More