Hey there! There are some ideas about EURAUD.
Since May EUDAUD is in DOWNTREND.
First of all price action made LH LL formation on D timeframe and made AB=CD.
Now price retraced to the 6.18% of AB=CD pattern where is a resistance
On this structure also a 1.49000 which is a psychological number.
We can see another a beautiful harmonic pattern which is formed on 4H timeframe and
if we take fibo extension of this harmonic pattern we could obtain 1.414%
Resistance, fibo retrace and extension, psychological number, RSI overbought and harmonic pattern give us a good chance to get short.
Remember that it's just my point of view.
Don't forget about the news.
Good luck in a market!
Since May EUDAUD is in DOWNTREND.
First of all price action made LH LL formation on D timeframe and made AB=CD.
Now price retraced to the 6.18% of AB=CD pattern where is a resistance
On this structure also a 1.49000 which is a psychological number.
We can see another a beautiful harmonic pattern which is formed on 4H timeframe and
if we take fibo extension of this harmonic pattern we could obtain 1.414%
Resistance, fibo retrace and extension, psychological number, RSI overbought and harmonic pattern give us a good chance to get short.
Remember that it's just my point of view.
Don't forget about the news.
Good luck in a market!