On the EUR.AUD 1 hour chart we have a potential long opportunity at the D leg completion of a Bat Pattern
The price reversal zone on this pair is between 1.4692 & 1.4664
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence: 88.60% - 161.80% - 141.40%
AB=CD Completion: 1.46850
Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.4883
Stop loss would be placed below X leg structure support.
Website: www.UKForexSignals.com
Instagram: www.Instagram.com/UK_Forex_Signals
Instagram: www.Instagram.com/Tom_Hall_Official
The price reversal zone on this pair is between 1.4692 & 1.4664
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Fibonacci Confluence: 88.60% - 161.80% - 141.40%
AB=CD Completion: 1.46850
Potential targets for the Bat Pattern placed at the .382% and .618% retracement of the C to D move.
There is also opportunity to look for extended targets at around 1.4883
Stop loss would be placed below X leg structure support.
Website: www.UKForexSignals.com
Instagram: www.Instagram.com/UK_Forex_Signals
Instagram: www.Instagram.com/Tom_Hall_Official