Current status of EURAUD _ There is a possible Short scenario due to a major reversal zone. The following confluences confirm my bias.
- Harmonic Pattern
- Obvious Bearish Divergence on RSI comparative to actual Chart.
- Look Left - Major Support was previous Now Considered Resistance.
- Gap @ Price Point 1.43317 Which matches with the C leg of the Harmonic Pattern.
- Harmonic Pattern
- Obvious Bearish Divergence on RSI comparative to actual Chart.
- Look Left - Major Support was previous Now Considered Resistance.
- Gap @ Price Point 1.43317 Which matches with the C leg of the Harmonic Pattern.
Note
The Harmonic Pattern was not Verified on my Harmonic Scanner how ever it is a Textbook Bearish Crab
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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.