EURAUD has completed a bearish bat pattern in a PRZ that aligns with resistance provided by 2 significant trendlines. Missed pivots sit below price to add to the bearish bias. SL is placed above trendlines with target at .618CD.Confluence in the PRZ:
1. Bearish bat pattern completion
2. Significant trendline resistance
3. 2BC projection
4. 2.618AB=CD
5. Missed pivots below price
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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.