Similar to the EURAUD, this pair is also on the downtrend channel. Price broke below the 1.5200 support towards the end of the week giving it a very bearish bias.
Pattern Identification
I don't see any Harmonic Patterns on the daily chart, but maybe in the lower timeframe
Trade execution
Looking for any form of continuation pattern to sell this pair. Will need to see some retracement for an entry at a better price.
Pattern Identification
I don't see any Harmonic Patterns on the daily chart, but maybe in the lower timeframe
Trade execution
Looking for any form of continuation pattern to sell this pair. Will need to see some retracement for an entry at a better price.
Comentário:
Any retracement to the support turn resistance zone will be a good level to short.
