Both Patterns at crossroads - EURUSD, AUDJPY
Turned on the charts again today after a crazy eating-spree festive season and found these 2 patterns just ripe for the picking. Let's have a closer look at them.
EURUSD H4 Chart: Completed a Bullish Bat Pattern
Price formed the T-Bar. If you guys have been following my articles, you would also see that there is one of my favourite falling wedge has formed. Looking to trade the pair.
EURUSD H1 Chart: Alternative entry - break out of the wedge
If you are a confirmation trader, meaning if you need to wait for a confirmation before entering the trade, then you can wait for the break out of the wedge.
AUDJPY H4 Chart: Perfect ABCD Pattern
This is 'perfect' in my eyes because it also coincides with the Support Levels too. In addition to that, RSI is at the oversold levels
Remember everyone: A perfect pattern does not it is going to be a win, it just increases our probability. Trade right and the profits will come