EUR/AUD Change of structure, time for correction.
Updated
Hi guys today we are analysing the EUR/AUD currently it has broken out of an ascending channel formulating a correction / consololidation on the previous support level at 1.65500.
Additionally we can se that the RSI at least on 4H has already entered a descending channel indicating that the price is going to drop down.
Entry 1.66500
Target 1.65500
We are chasing 100 pips here, then if it continues we will revisit this analysis and look into a further drop.
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Additionally we can se that the RSI at least on 4H has already entered a descending channel indicating that the price is going to drop down.
Entry 1.66500
Target 1.65500
We are chasing 100 pips here, then if it continues we will revisit this analysis and look into a further drop.
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Trade closed: target reached
Target reached on this one as well. ✅ ✅ ✅
0.10 volume - $62.06
0.50 volume - $310.34
1 volume in lot - $620.58
5 volume in lot - $3,103.2
Not bad for a days work, eh?
Join my Telegram community for Forex trading insights, real-time news, educational content and friendly support. Let's grow and succeed together! -
t.me/Capital55DG
t.me/Capital55DG
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.