EURAUD Top of price action, watch for reversal
Updated
Hi traders:
Watching closely to EURAUD's bearish price action.
We can see after a sharp bearish impulse phase on the higher time frames, market begin to correct within the larger parallel channel.
Latest price has an ascending channel within the larger correction, and a reversal price action at the top, bearish momentum coming in now.
Wait for confirmed breakout follow by a bearish continuation correction on the lower time frame by the sell down to the lows.
Thank you
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