WATCH EURAUD 30M FOR REVERSAL OR CONTINUATION
Price has two resistance levels to decide to either reverse bearish or continue bullish. (162.00 & 162.11)
If continuation long watch for a Break-Hook_Go candle pattern on a 5m, 15m or 30m chart.
If reversal short watch for an engulfing candle, evening star, inside candle railroad candle reversal patterns
on a 5m, 15m or 30m chart.
Continuation TP levels will be 100%, 127.2% and 161.8% fibs.
Reversal TP levels will be -23.6%, -61.8% and -127.2% fibs.
Find your SL on the other side of the reversal or continuation point.
If continuation long watch for a Break-Hook_Go candle pattern on a 5m, 15m or 30m chart.
If reversal short watch for an engulfing candle, evening star, inside candle railroad candle reversal patterns
on a 5m, 15m or 30m chart.
Continuation TP levels will be 100%, 127.2% and 161.8% fibs.
Reversal TP levels will be -23.6%, -61.8% and -127.2% fibs.
Find your SL on the other side of the reversal or continuation point.
Come learn a new trading strategy at tradingstrategyguides.com?utm_source=tradingview
Our free Telegram channel: t.me/TradingStrategyGuides
Our free Telegram channel: t.me/TradingStrategyGuides