Potential Short trade on EURAUD
Actually we have:-
1-Bearish Bat Pattern
2-Structure Resistance Area about 20 pips (1.4715 :1.4735)
3-Strong Supply Zone That pushed the Price Down aggressively ..... look to the (XA) Leg
-If the Price Continue to move forward the 1.4700 ... then we will wait until reach our zone so we can take advantaged of the next down move
-The powerful Structure resistance and the fresh supply zone indicates that price will face a bearish power there.
-1.4700 is a high imporant psychological number that price faild to make a new high above it
-Our stop Must be above the X point of the bat abd supply zone
-Our target is 0.382 from (A) to (D) Point of Bat Pattern
Be sure to be ready ..........!!
Thanks ..........!!
1-Bearish Bat Pattern
2-Structure Resistance Area about 20 pips (1.4715 :1.4735)
3-Strong Supply Zone That pushed the Price Down aggressively ..... look to the (XA) Leg
-If the Price Continue to move forward the 1.4700 ... then we will wait until reach our zone so we can take advantaged of the next down move
-The powerful Structure resistance and the fresh supply zone indicates that price will face a bearish power there.
-1.4700 is a high imporant psychological number that price faild to make a new high above it
-Our stop Must be above the X point of the bat abd supply zone
-Our target is 0.382 from (A) to (D) Point of Bat Pattern
Be sure to be ready ..........!!
Thanks ..........!!
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