Short-Term uptrend broken. Will look for signals when a retracement is done.
Uptrend Broken and At retest. RSI at Equilibrium and downtrend.
Waiting for the Hot Zone Then look for divergence and PA to enter Long
Zoomed out to the monthly chart and there was one obvious trendline currently being tested. And by the looks a H&S + Triangle is forming here. Will be looking for signals in the red marked area to enter long. Diverging from the Bull RSI trendline is a good sign.
EURAUD seems to have bounced on a weekly trendline. Now taking the assumption of a trendchange. This is my ideal path :)
Rejecting upper resistance fine. Expecting it to move clean towards the end of the Harmonic, then take profit. Possible re-short at retest of Triangle.
Not much more to say then: This Gartley stretches over 14 Years and got structured resistance in the yellow Ellipse