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LewisGlasgow
Apr 12, 2017 3:24 PM

EUR/AUD - Bearish Bat 做空

Euro Fx/Australian DollarFXCM

描述

What's up everyone, here we have EUR/AUD with a bearish bat pattern on the 4h chart.

Excellent opportunity with almost a 1:4 risk to reward.

This is a re-post but I would like to highlight the importance of the resistance zones shown in grey.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

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交易开始

评论

Remember we have the EUR interest rate statement in less than one hour, be careful trading any pairs including this currency.

评论

Just a quick update on my outlook for this currency pair, I see a move back down to the major support level below the 0.382 retracement level.



Once this happens we will analyse the pair further to validate a further decline to 0.618.
评论
Jayz
BAMM
LewisGlasgow
@Jayz, a close above resistance and you could well trade it on the way up :)
Fairuzzabadiy
@LewisGlasgow you think it turns out to be bullish?
LewisGlasgow
@Fairuzzabadiy, yes, it broke the channel on the daily chart... Ws expecting a pullback to the trendline but it never occurred... On to the next one.
Fairuzzabadiy
@LewisGlasgow, can we assume that this is starting a new way up, no?
samehisk
do you think to close and sell from a higher point?
allwynbazil
Hi Lewis,

This one has gone high. will it be back?

MongkolchaiPetruecha
Begin to short nearly the same. Good Pattern!
mohamedforex
Hi Lewis ,

it is very nice trade even on the daily chart too .
but we cannot take the trade as the ECB is on decision today ..

we still on the big rule never trade before the news .

Yes we have a big gap on the Euro AUD but still waiting is the best action right now .

we can have AUD/jpy short as a good trade away from the EURO today 83.80 stop , target 81.39 .
samehisk
AUD interest is 1.5% EUR is 0% , i think it wll still be 0 today
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