(EP #32) Kelvin Trade Ideas - EURAUD Bat Pattern 2020-02-02

Feb 2, 2020

A bearish bat pattern is almost completed on a daily chart. It provides a potential reversal level (PRZ) from 1.67240 to 1.66870. In the larger time frames, the market is in an up-trend, so this selling opportunity is a counter trend trade. Notice the market didn't reach the PRZ since the beginning of 2010, It is not a good sign for me to short this market. So I am waiting for confirmation signals show up, If not, I will give up this trade idea.

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