EURAUD has beautifully completed Bullish Bat Pattern
Reversal Zone / Buying Range : 1.6100 - 1.6003 (Best Entry : 1.60825)
Targets : 1.63328 | 1.64210 | 1.65057
StopLoss : 1.5900
This pattern seems to be very harmonic as the time period and Fibonacci projections are precise and are well in the perfect range. I 'd recommend you to trade this pair.
EUR/AUD is almost ready to go! Bearish BAMM setup has formed on the 4h chart, providing a trading opportunity with a 1:2.33 risk to reward.
BAMM trading setups rely on a valid bat pattern, you'll find the relevant measurements below.
XA Retracement: 0.382 - 0.50
AB Retracement: 0.382 - 0.886
BC Projection: 1.618 - 2.618
XA Retracement: 0.886
Currently respected the bullish harmonic formed Friday thanks to President Trump.
In consolidation preparing for the next move.
If it can break the weekly 26130, and break resistance at 26438, looking to revisit 26724 or 27061 for the bull TPs.
If goes bearish after consolidation, will head down to 25080 monthly SR. Long term tp 24295.