EURAUD for next coming weeks
Price has struggled to breach the large quarter point of 1.62500. This coincides with a macro cycle of three pushes that has finished (as can be seen in chart in blue squares) and correlates with finished cycle of micro cycle (pink squares). We have divergence on higher timeframes of TDI which indicate a long term swing. Going to be looking to enter in london
Confirmations:
- 4h divergence with first leg on top of band and second leg below the liquid 50
- respected large quarter point of 1.625000 and created a double top formation
- finished macro cycle indicating a good swing
- micro cycle has finished as well
- price made a new lower high but never made a new higher high after it pinned 1.625
- AUD pairs have been slowing a bit in the past week and we can notice exhaustion in price
Confirmations:
- 4h divergence with first leg on top of band and second leg below the liquid 50
- respected large quarter point of 1.625000 and created a double top formation
- finished macro cycle indicating a good swing
- micro cycle has finished as well
- price made a new lower high but never made a new higher high after it pinned 1.625
- AUD pairs have been slowing a bit in the past week and we can notice exhaustion in price
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