bearish ride for EURAUD
after breaking the support quite clearly the price retraced marked first LH after getting rejection from Fib .618 level and then posted LL. The current scenario is quite similar to the old one as the price was retraced to the .618 Fib level and moved downwards. Instant short can be an option by placing SL on the LH or we can wait till the Alligator indicator changes its shape downwards and opens its mouth and then we will sell on the green line and our SL will be above the blue line. 1:2 RR should be the target
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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.