Euro / Australian DollarUpdated EURAUD scenario's
For my previous posts and context see below:
The weekly time frame shows a possible major bearish break out longer term..
Short term I will be looking for a reversal and retrace after the break out of the wedge (red) and/or channel (blue).
I will be looking for an impulse of lesser degree followed by a consolidation and trade the continuation.
Updates will follow.
timstuyts.com
facebook/timstuyts/
The weekly time frame shows a possible major bearish break out longer term..
Short term I will be looking for a reversal and retrace after the break out of the wedge (red) and/or channel (blue).
I will be looking for an impulse of lesser degree followed by a consolidation and trade the continuation.
Updates will follow.
timstuyts.com
facebook/timstuyts/
Note
Note
Crazy day with Draghi running the show in a way only he can. I was looking for 1.11 for the EU but because we didn't see that before the ECB rate decision I decided to let that pair go. However AU might be making that anticipated move lower which makes EURAUD interesting. Although the environment was extreme it did exactly as projected so far. Let's see whether it settles and buy the continuation.
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Related publications
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.