EUR/AUD:SELL From 61.8% FIBO Dynamic Trendl. AB=CD Pattern SHORT
Updated
EUR/AUD inside a Bearish channel in the last session had a Pullback on the 61.8% Fibonacci level with the confluence of the dynamic trendline. This kind of configuration, inside this contextual scenario, forms the ideal way for the execution of an AB=CD Pattern. The RSI turned Bearish meanwhile the Stochastic shows a Divergence in the Overbought area. We are looking for a new bearish impulse by the price.
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