EURAUD: Potential Bat Pattern (Long)
On
EURAUD
, the price has no direction bias and it mostly moves sideways. We have no higher high and higher lows. This type of market is great for harmonic traders. There is a potential bat pattern. which gives a signal for entry and where to set stop loss and take profit. Also, it is great risk/reward ratio. The structure low is at 1.5040, which acted as support few times and it is more like that the price will respect that level again.
T1 - 38.2%
T2 - 61.8%
I do not recommend to leave this trade for weekends.
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Trading Books Online - www.trading-library.com
EURAUD
, the price has no direction bias and it mostly moves sideways. We have no higher high and higher lows. This type of market is great for harmonic traders. There is a potential bat pattern. which gives a signal for entry and where to set stop loss and take profit. Also, it is great risk/reward ratio. The structure low is at 1.5040, which acted as support few times and it is more like that the price will respect that level again. T1 - 38.2%
T2 - 61.8%
I do not recommend to leave this trade for weekends.
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Trading Books Online - www.trading-library.com
Kommentera:
The price hit the buy limit order.
Kommentera:
I would not recommend leaving the trade at the weekend. Locked the profit, when it hit T1
