Hello Traders!
Here is a perfect bullish gartley with 61.8 and 61.8 ratios on FX:EURAUD . If the market comes to 1.5605 it is a buy signal with the targets of 38.2 and 61.8, stops should go below 1.5515. Recently we had very nice harmonic patterns on this pair, which were triggered successfully, I assume this one will be profitable as well.
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Avto_T
Financial...
This pair has been on a bullish trend with higher highs and higher Lows currently price broke above the minor weekly trend line and a minor resistance with a huge bullish candle.
opened long position at 4 hour pin bar signal at the minor resistance now turned support.
target 1 at 1.6500
target 2 at 1.7500 for new weekly higher highs.
Bat pattern already completed at the structure level and potential cypher pattern will be completed also at structure level , for me it's pattern confusion ! , but i think trading bat pattern (after candle confirmation) and putting take profit will be at 0.382 retracement of CD leg and stop loss will be under X with some room this give risk reward ratio 1.4 , i...
Now that we have surpassed the equal wave measurement for the purple degree, we can look to add to the position in anticipation of 1.53. The size of this position needs to be no greater than 40% the size of the original position (see link at the bottom). The risk to reward ratio is still good, but the 'easy' part of the move has surpassed and trading could get...
The longer view of the EUR/AUD suggests EUR out performance and/or AUD under performance for the next several months. It appears red wave was an ending diagonal. Therefore, the 1.36 low should be solid.
Since the circle 5 low did not reach the lower trend line, this expresses some pent up energy available. Breakout trades to the long side are preferred. I...
