EURAUD - A DROP BEFORE THE SPIKE
Whats up guys!
Good day! We can see from the annotated chart for EU that as per the 1H timeframe, a bearish correction is forming and price will breakdown next week to complete a major bullish correction for the move up in the coming weeks. Short term bearish in the cards.
Please note that if you find this set up useful, always use risk management in tackling such trades on your live accounts and please do your own analysis. This is purely an analysis for educational purposes
Have a good week!
Cheers
The Rocket Traders
Good day! We can see from the annotated chart for EU that as per the 1H timeframe, a bearish correction is forming and price will breakdown next week to complete a major bullish correction for the move up in the coming weeks. Short term bearish in the cards.
Please note that if you find this set up useful, always use risk management in tackling such trades on your live accounts and please do your own analysis. This is purely an analysis for educational purposes
Have a good week!
Cheers
The Rocket Traders
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.