I'm looking at two things here on the EURAUD. Bigger picture is a potential bearish trend continuation trade as price action looks to make a retracement into a previous shelf of structure.
Around that same level lays a potential bearish butterfly pattern completing at 1.618 & 1.272 Fibonacci confluence. Adding to that we have more ratio confluence in the form of a 78.6 & 50% Fibonacci retracements from previous structure highs.
Just for a little added confidence this potential butterfly would complete a the 1.44000 which is a psychological round number.
If you didn't see it already (shame on you, lol) I broke down this trade in my most recent Weekend Review video on YouTube. youtube.com/watch?v=mhkg_pCkA6Y&list=UUVveEks3MWZqOsvzTF_LGQg
Today's my off day, but I wish you guys a great week of trading!
Akil
Around that same level lays a potential bearish butterfly pattern completing at 1.618 & 1.272 Fibonacci confluence. Adding to that we have more ratio confluence in the form of a 78.6 & 50% Fibonacci retracements from previous structure highs.
Just for a little added confidence this potential butterfly would complete a the 1.44000 which is a psychological round number.
If you didn't see it already (shame on you, lol) I broke down this trade in my most recent Weekend Review video on YouTube. youtube.com/watch?v=mhkg_pCkA6Y&list=UUVveEks3MWZqOsvzTF_LGQg
Today's my off day, but I wish you guys a great week of trading!
Akil
The Trading Coach Podcast- Available on your favorite app!
anchor.fm/thetradingcoachpodcast
More Videos youtube.com/akilstokes
Free Trading Computer Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
anchor.fm/thetradingcoachpodcast
More Videos youtube.com/akilstokes
Free Trading Computer Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The Trading Coach Podcast- Available on your favorite app!
anchor.fm/thetradingcoachpodcast
More Videos youtube.com/akilstokes
Free Trading Computer Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
anchor.fm/thetradingcoachpodcast
More Videos youtube.com/akilstokes
Free Trading Computer Guide - tradingcomputerbuyersguide.com/optin-629312741738938873920
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.