Quite similar to your EUR/AUD setup. But definitely better. According to my stats, there's a high probability of price reaching 1.8698.
PAGuy
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You think? I actually thought this was the worse setup out of the 2, reason being, as price has not fully retraced to the neckline. What makes you think it is better? Just out of interest :)
Cheers,
Adam
ForceFollower
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Sorry, I didn't know you replied to me - they've changed the way you get notified in this service (no e-mails).
I liked this setup more because:
1) it was developing after a strong impulse move up, whereas EURAUD was just going sideways.
2) here you've got a clear support level off the recent highs, while in EURAUD your support is at the lows.
3) here the low or double bottom at 1.8125 is above the prior major swing low, which is not the case in EURAUD.