euraud 8h h*s structure short from resistance

8 במרץ 2023

Hello traders, today let's review euraud 8hour chart.
currently bullish impulse in progress, expecting bulls
to max out near 1.27/1.44 extension at 6250.
speculative h*s structure in progress, reversal from
overhead resistance so bears should be looking to
short near 6250 using SL 50. Bears will target re-test
of the neckline of the structure at 5350. strong risk/reward
in this reversal swing trade setup. Expect upcoming fed
meeting to trigger reversal in euraud.

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