Since price made a high of circa 1.8550 last month, there has been a steady decline for EUR/AUD.
The most recent price action has been corrective in nature, and on Friday we saw a break and close below the counter trendline with the penultimate H4 candle of the day forming the first close and the last H4 candle forming a lower low and lower close.
This may possibly indicate the next impulse of selling.
If you agree, look for a sell setup that meets your strategy rules.
Always trade with a profitable strategy and good risk management.
The most recent price action has been corrective in nature, and on Friday we saw a break and close below the counter trendline with the penultimate H4 candle of the day forming the first close and the last H4 candle forming a lower low and lower close.
This may possibly indicate the next impulse of selling.
If you agree, look for a sell setup that meets your strategy rules.
Always trade with a profitable strategy and good risk management.
Low-Cost Trading, for everyone, everywhere.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Low-Cost Trading, for everyone, everywhere.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.