EURAUD Continuation Bearish Price Action
Updated
EURAUD Continuation Bearish Price Action
Hello everyone:
We can see from the my previous analysis at the top of the Head and Shoulder, strong bearish impulse phase move the price down accordingly.
After price has break the previous low, we see a descending channel and price was temporary reverse up correctively.
However, the latest development here shows a lower time frame ascending channel after the move up,
good signs of further bearish development aligning with the higher time frames.
Be on the look out for bearish continuation on the lower time frame, and look for sell entries down to previous lows.
Thank you
Hello everyone:
We can see from the my previous analysis at the top of the Head and Shoulder, strong bearish impulse phase move the price down accordingly.
After price has break the previous low, we see a descending channel and price was temporary reverse up correctively.
However, the latest development here shows a lower time frame ascending channel after the move up,
good signs of further bearish development aligning with the higher time frames.
Be on the look out for bearish continuation on the lower time frame, and look for sell entries down to previous lows.
Thank you
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