EURAUD - 1HR confluence at 50% swing - POT Bullish
Updated
1168 Crab EXT meets with 113 Shark confluence of a few pips
If we draw the Shark from structure bottom impulse we get a perfect shark at exactly monthly support. - showing the EXT of reversal area low
Emerging pattern shown in grey, both patterns blue are complete.
50% Area of swing
Both AO and RSI diverging
AO is hinting to a completed wave 3 or near too so most probably trading a wave 4 up so careful as expecting price to continue bearish after the reversal
If we draw the Shark from structure bottom impulse we get a perfect shark at exactly monthly support. - showing the EXT of reversal area low
Emerging pattern shown in grey, both patterns blue are complete.
50% Area of swing
Both AO and RSI diverging
AO is hinting to a completed wave 3 or near too so most probably trading a wave 4 up so careful as expecting price to continue bearish after the reversal
Note
Nice trade for zero draw downAlmost at TP1
Trade closed: target reached
only 1st target, bearish continuation as expected.
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