Hi,
EURAUD moved 431 pips to the downside my previous analyses H1
H4
now it is on a trend-line it touched three times, i am expecting two things:-
first: the way candles come to the trendline was a big implusive movement that indicates price will keep falling down check this candles
second: after it made a three touch that also indicates the price will reverse to the upside (as it formed falling wedge) if selling candles become smaller and smaller that indicates buying preasure to the upside. check this
that based on my opinion
Thank you
EURAUD moved 431 pips to the downside my previous analyses H1
now it is on a trend-line it touched three times, i am expecting two things:-
first: the way candles come to the trendline was a big implusive movement that indicates price will keep falling down check this candles
second: after it made a three touch that also indicates the price will reverse to the upside (as it formed falling wedge) if selling candles become smaller and smaller that indicates buying preasure to the upside. check this
that based on my opinion
Thank you
Comment:
The EURAUD did not moved much still it is in area that in can go to the downside as there is no identified pattern at the moment.