EUR/AUD broken below the M Formation - Havoc to go to 1.5819
M Formation has formed over the last month with the EUR/AUD.
If you saw the last trade analysis, you'll see the EUR is showing downside on all large currencies.
We've now had a breakout below the neckline of the M formation, which means there is downside to come.
21>7
Price is testing the 200MA. So only once it breaks below will it give a stronger indications of further downside to come.
Target 1 will be at 1.5819.
If you saw the last trade analysis, you'll see the EUR is showing downside on all large currencies.
We've now had a breakout below the neckline of the M formation, which means there is downside to come.
21>7
Price is testing the 200MA. So only once it breaks below will it give a stronger indications of further downside to come.
Target 1 will be at 1.5819.
✅ Facebook:
facebook.com/groups/matitrader
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timonandmati.com
𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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