EURAUD has been in a range for some time now but through market structure and price action we can see that the price level 1.66055 has been respected 3 times.
This indicates to me that sellers are still in control of this market.
We have also rejected the 0.50% & 0.618% fib levels as added confluence to our reasoning behind this potential set up.
I am looking for a strong close below 1.64600 to target 1.63580.
Over 100 pip move.
Trade Safe.
This indicates to me that sellers are still in control of this market.
We have also rejected the 0.50% & 0.618% fib levels as added confluence to our reasoning behind this potential set up.
I am looking for a strong close below 1.64600 to target 1.63580.
Over 100 pip move.
Trade Safe.