EURAUD - 1HR confluence at 50% swing - POT Bullish
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 fermée: cible de profit atteinte
only 1st target, bearish continuation as expected.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.