Evidently forming Lower Highs and Lower Lows, EURAUD is developing early bearish momentum. A rejection of any of the highlighted Fib levels will present great opportunity to take sells and form new Lower Lows with targets being the Fib Extensions at 1.60478 and 1.59966.
Trade active
Price moving as anticipatedNote
Stil in a downtrend and short positions maintained at the Fib levels. A break of 1.60881 will make way for the targets to be achievedNote
Initially in profit but price has now gone into a choppy phase
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.
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.