This chart appears to be forming a H&S pattern, but the bearish bias is not confirmed until the neckline has been breached. Until then I will be looking to long the Double Bottom pattern. Considering the 76% retracements there is high probability that price will rally up to complete the Butterfly.
Trendline break from ''XB'' indicates bullish momentum. A break above B confirms the butterfly. If any bullish wide range bars occurs from ''CD'' and/or at ''D'' it would be safe to target 162% XA.
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Trendline break from ''XB'' indicates bullish momentum. A break above B confirms the butterfly. If any bullish wide range bars occurs from ''CD'' and/or at ''D'' it would be safe to target 162% XA.
Please leave a like and make sure you comment below with any idea regarding EUR/AUD
Thank you for reading
God bless and happy trading!
Operación cerrada: objetivo alcanzado
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.