EurAud Long
Updated
SWING IDEA
⭐️Daily: price is creating a sequence of lower highs and it just break a new daily level (1,5500). What we can expect is the retest of the daily level with the creation of a new lower high on the 61,8% level of Fibonacci that also meet the trendline.
⭐️H4: price is creating a sequence of lower highs also in this timeframe. Improving our daily zone we can find two points of interest: the first at 61,8% Fibo retracement and the second at 71/78% Fibo retracement. What we can expect, in fact, is that the price go a little higher than what we expect to fill the big wick that create before on the previous lower high (1,56100). LH-LH.
Let's have a look at the price in lower timeframes when it will reach the points of interests and find more confirmations in H1.
Today is Monday so it isn't yet clear what currency will control the market so be patient and wait for the right moves.
NEWS TO CHECK
🐂 Nothing for today but be careful because of tonight news (1:30 CET time RBA Gov Lowe will Speak...be patience and wait for tomorrow).
🙏🏼 Namasté
⭐️Daily: price is creating a sequence of lower highs and it just break a new daily level (1,5500). What we can expect is the retest of the daily level with the creation of a new lower high on the 61,8% level of Fibonacci that also meet the trendline.
⭐️H4: price is creating a sequence of lower highs also in this timeframe. Improving our daily zone we can find two points of interest: the first at 61,8% Fibo retracement and the second at 71/78% Fibo retracement. What we can expect, in fact, is that the price go a little higher than what we expect to fill the big wick that create before on the previous lower high (1,56100). LH-LH.
Let's have a look at the price in lower timeframes when it will reach the points of interests and find more confirmations in H1.
Today is Monday so it isn't yet clear what currency will control the market so be patient and wait for the right moves.
NEWS TO CHECK
🐂 Nothing for today but be careful because of tonight news (1:30 CET time RBA Gov Lowe will Speak...be patience and wait for tomorrow).
🙏🏼 Namasté
Order cancelled
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.