The EURAUD 4H chart shows a bearish divergence at the recent high, leading to a break of structure (BOS) and a liquidity grab below previous lows. Price has now retraced back to a key supply zone near the 50% Fibonacci retracement level, presenting a potential short opportunity. A rejection from this zone could lead to further downside, targeting liquidity levels around 1.69958.
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7+ years of trading experience 📚
Canadian Based 🇨🇦
Learn a structured approach to consistent trading results 🧠💡
Follow me on Insta!
Canadian Based 🇨🇦
Learn a structured approach to consistent trading results 🧠💡
Follow me on Insta!
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.