POSSIBLE REVERSAL ON EURAUD Short

EUR/AUDOANDA

Description

⋅ Aug 19, 2021 9:11 AM

The EURAUD on monthly time frame is bearish and the upside move you're seeing is just a correction. now on daily time frame there is a W pattern formation after such formation, correction to the neckline is expected.

MOVE TO THE DOWNSIDE EXPECTED

Comments

pablozona5

⋅ Aug 19, 2021 9:31 AM

What is your suggested entry price please?

gibsoloc

⋅ Aug 19, 2021 9:54 AM

@pablozona5 waiting for reversal pattern,,, either.. head and shoulder, double top, triple top...

with Wick rejection confirming that the top is a valid zone of supply

gibsoloc

⋅ Aug 19, 2021 9:55 AM

@pablozona5 you can check for it on lower timeframe.