Currently we are looking at EURAUD H4 and waiting for price to bounce off the 50EMA.
Once this happens, we're looking for a retest of the high, forming a nice M formation.
Entry is going to be based on candle patterns.
The blue areas are marked areas where I think the market may bounce off on it's way down.
We're looking for 200-300 pips if we catch the top of the formation.
Most likely a setup for the week of 17/09/2018.
Once the setup shows, we'll do another post with all the confluences.
Let's see what the market brings us.
Once this happens, we're looking for a retest of the high, forming a nice M formation.
Entry is going to be based on candle patterns.
The blue areas are marked areas where I think the market may bounce off on it's way down.
We're looking for 200-300 pips if we catch the top of the formation.
Most likely a setup for the week of 17/09/2018.
Once the setup shows, we'll do another post with all the confluences.
Let's see what the market brings us.