EURAUD Changes Direction after breaking EMA 50 on Daily TF
EURAUD break the EMA 20 and EMA 50 on daily timeframe.
Then the price retrace to touch EMA 50 but now the direction has changed.
Other confluences are the price touches Line 0.6181 on Fibonacci retracement as well as Demand area on the left.
Wait for confirmation: Engulfing Candles or on Timeframe 15M the three white soldiers candlestick appears
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*Disclaimer: For education purposes only. Take your own risk and do your own analysis. I can change my analysis anytime without information.
Then the price retrace to touch EMA 50 but now the direction has changed.
Other confluences are the price touches Line 0.6181 on Fibonacci retracement as well as Demand area on the left.
Wait for confirmation: Engulfing Candles or on Timeframe 15M the three white soldiers candlestick appears
-
*Disclaimer: For education purposes only. Take your own risk and do your own analysis. I can change my analysis anytime without information.