Inizia
Euro / Dollaro australiano
Long

BULLISH BUTTERFLY FINISHING ON 1H EURAUD

Di Carlos_LL
Aggiornato
A nice Butterfly pattern is trying to get to the finish on 1H EURAUD. Price action is currently testing a support @ 1.53607. If the level gives there are 3 nice levels with previous structure lows to determine an ample Possible Reversal Zone. The possible XA extensions @ 1,27, 1.414 and 1.618 range from 1.52970 to 1.52125. What is interesting is that the support being currently tested is a nice target to test as a resistance once the pattern finishes. Watch the price action near the PRZ to make entry as well as the RSI to suggest oversold and long entry.
Commento
Price action has entered the PRZ. Awaiting for candle reversal at one of the 3 previous structure lows.
Commento
And there it is @ the 1.414 ext.
advancedpattenakil_stokesButterflybutterlyFibonacci Retracementjason_stapletonpriceactionPRZstructuretrade

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