EURAUD - bullish channel + div + 2.27ext
Technical view:
if channel is broken we may see a bearish move, as we are currently at 2.27extension + divergence on 15min TF + other TFs are overbought.
One thing which is not corresponding are the moving averages MA, which are currently under the channel.
Fundamental view:
Monday - Retail sales - not so bad
Tuesday - RBA Interest rate decision very volatile event
Thursday - ECB Interest rate decision very volatile event
Friday - NFP - Nonfarm payrolls
if channel is broken we may see a bearish move, as we are currently at 2.27extension + divergence on 15min TF + other TFs are overbought.
One thing which is not corresponding are the moving averages MA, which are currently under the channel.
Fundamental view:
Monday - Retail sales - not so bad
Tuesday - RBA Interest rate decision very volatile event
Thursday - ECB Interest rate decision very volatile event
Friday - NFP - Nonfarm payrolls
Trade active
Note
resistance holding for now, retested couple of times going down
moving SL to profit
Trade closed: target reached
not just waiting for target, see the changing structure and trade.
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