EUR/AUD Analysis: Potential Move Up to the Golden Fibonacci Level
Based on Fibonacci levels and structural analysis, we might see
EURAUD move up toward the golden Fibonacci level, presenting a potential selling opportunity. Once the price reaches this level, it will be essential to observe how the market reacts.
Our target is the next order block above. If we see rejection at this level and the formation of a bearish structure, we will consider looking for short positions.
Based on Fibonacci levels and structural analysis, we might see
EURAUD move up toward the golden Fibonacci level, presenting a potential selling opportunity. Once the price reaches this level, it will be essential to observe how the market reacts.Our target is the next order block above. If we see rejection at this level and the formation of a bearish structure, we will consider looking for short positions.
Trade closed: target reached
Got our beautiful TP Target 3.68 RRTrade closed: target reached
we got it
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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.
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.