EURAUD Top of price action, watch for reversal
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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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.