Looking at a Gartley pattern on the EURAUD that completes at a major structure level.
The level has been hit several times (it goes way back, beyond what i can fit in the picture) and the price has turned and bounced many times.
This time along with a Gartley pattern completion.
We have a nice 1:2 risk/reward on the first target and more than 1:3 on the second...
We have a bearish cypher completed against a bigger resistance zone. We also have a smaller butterfly which i pointed out on the chart. If you take a look at the RSI, you can see that we have some divergence as well.