The overall trend is bearish and price is moving back to my point of interest the point is also the 0.50 fib retracement level as well as giving a touch on the trendline. I await reactions in the London session to signal entry
The overall trend is bearish and price just retested a resistance which is point of interest for me this triples as 0.50 fib level and also has a trendline touch. I am anticipating price moving back to this zone and then shorting
EURAUD is moving for a third retest of the trend line at 1.53279. Although on a longer term an upward breakout of the downward channel is looming giving a buy oppurtunity after the sell.
