Traine

EURAUD UPDATE! Shorty rock!

Short
OANDA:EURAUD   Euro / Australian Dollar
I believe previously I said we are in an uptrend. This still may be true. But as I re-analyze this pair and the harmonic ratios it is giving me, as well as the other AUD pairs and how it looks for this week. (AUD shorts) I am rethinking this. We may have some upside what is called a last kiss. We have 3 touches to resistance. There is a supply zone that must be breached to confirm continuation to the upside. As the market has just opened, It is best to just watch and let price do what it is going to do and respond to it accordingly. My bias on this pair is SHORT


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