EURAUD has entered the PRZ of a bullish butterfly pattern. A strong trendline will provide support at the entry. A missed pivot cluster lies above price around .618CD which provides a target with a large R/R. SL is placed below S/R.Confluence in the PRZ:
- Bullish butterfly pattern completion
- Long term trendline support
- 1.27AB=CD
- 1.618BC projection
- Missed pivots cluster above price
Trendline Support:
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Trade closed: stop reached
SL Reached: -94 Pips
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.