EURAUD: Bearish Bat Pattern for Short

EURAUD completed the ABCD pattern right into the level structure that creates a bat pattern for us. We will be looking for the pair to retrace back down into 1.4185 area before continue our long. EURAUD however is in a bullish manner, therefore trade with care when shorting this pair.

One the weekly time frame, if price does go to 1.4185 area we will have a potential inverted head and shoulder. Further suggesting an high up move for this pair.