Weekly outlook on EUR/AUD

١٥ يونيو ٢٠١٤

Bullish Bat pattern (orange) has formed and i'm looking for a bounce at the .886 retracement from X to A leg. Price is currently at good structure and historical support as well there is a confluence between the .886 retracement and 2.24 extension which gives highly confirmation of this pattern playing out. This is only a countertrend trade. EURAUD have been making higher lows and lower lows. If price can make it down to 1.298 and 1.287, we may also see another bullish reversal at the Bullish Crab Pattern (yellow). Plan your trades, and trade your plan.


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