EUR/AUD - Bearish BAMM

EUR/AUD is almost ready to go! Bearish BAMM setup has formed on the 4h chart, providing a trading opportunity with a 1:2.33 risk to reward.

BAMM trading setups rely on a valid bat pattern, you'll find the relevant measurements below.

XA Retracement: 0.382 - 0.50
AB Retracement: 0.382 - 0.886
BC Projection: 1.618 - 2.618
XA Retracement: 0.886

The time proportions of this setup are absolutely spot on so far, we'll revisit this in a few days.

Currently waiting for a break and close below 1.63100.

İşlem aktif:

Price closed below 1.63100, everything looks good for a sell.

Yorum:

Quick update for those who sold, we'll be looking to cover our position once price reaches the area of 1.61250.

Yorum:

Move your stop loss to break even, this should be near 1.62900.

İşlem kapandı: hedefe ulaştı:

Position hit TP, onto the next one!