FX:EURAUD   Euro Fx/Australian Dollar
96 3 12
LONG AT 1.434-1.4371

WAIT RSI TO BE OVER SOLD
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dojitrader
2 years ago
Was wondering what you think . . .
I've been noticing, but have no hard data, that when sharks have
a deep retracement for A to B there is a much greater probability
of point D to extend to the 1.13 of C to X.
Have you noticed such a pattern ?
Thanks for your thoughts !!!
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tntsunrise TOP dojitrader
2 years ago
yes. the normal shark will use 1.618 - 2.24 BC, however, i found this DOULBE 1.13 REFLECTION occurs a lot.
which means C= 1.13ab, and D = 1.13 BC, and it has quite high chance to revert at this point.
snapshot
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tntsunrise TOP dojitrader
2 years ago
Hey Trader, looks like this pattern worked again! just nice to filled my long order at 1.4375 and now it reversed! 50 pips +
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