EURAUD
Double top;
Broken Neck;
Retracement; (we need a 618)
We have them all, double top followed by a broken neck, found some support @1.444$ and a pullback...
Now, we have a strong pressure zone @ previous "Neck" price zone (aka resistance), and IF we get the 61.8% retracement, i will search for eventual short opportunity;
Also a eventual ABCD pattern, but we need a confirmation of B to C leg that can terminate on any fib levels from 38% to 78%;
Safe Trades;
Double top;
Broken Neck;
Retracement; (we need a 618)
We have them all, double top followed by a broken neck, found some support @1.444$ and a pullback...
Now, we have a strong pressure zone @ previous "Neck" price zone (aka resistance), and IF we get the 61.8% retracement, i will search for eventual short opportunity;
Also a eventual ABCD pattern, but we need a confirmation of B to C leg that can terminate on any fib levels from 38% to 78%;
Safe Trades;
Comment:
Comment:
+/-1500 pips