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
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
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)
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.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
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)
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.