EURAUD Coming Week
A look at the intraday 4hr chart.
Trend = Bearish
1. Trendline - angular resistance holding from 10th June
2. Moving Average = 50 MA above price
3. RSI - within the 20-50 zone , supporting short side.
Phases - Phase 1 + Phase 2 + Phase 1 and on last Friday the start of the next Phase 2.
High Probability Zone - confluence of the 50 MA, Trendline , Fibonacci 50 retracement.
Secondary Graystone Zone - identified on chart
Into next week , the bias is for shorts . A short price action setup within the above zones is of interest.
Trend = Bearish
1. Trendline - angular resistance holding from 10th June
2. Moving Average = 50 MA above price
3. RSI - within the 20-50 zone , supporting short side.
Phases - Phase 1 + Phase 2 + Phase 1 and on last Friday the start of the next Phase 2.
High Probability Zone - confluence of the 50 MA, Trendline , Fibonacci 50 retracement.
Secondary Graystone Zone - identified on chart
Into next week , the bias is for shorts . A short price action setup within the above zones is of interest.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.