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Yemi_Fx1
Feb 12, 2024 8:09 AM

Yemi_Fx1 | Sell For EURAUD Before the major bull move  Short

EUR/AUDOANDA

Description

The long-term view (eagle view) of EURAUD is bullish, but in between we can see a bear setup based on the 1HTF.

A preceding impulsive move of a bearish continuation pattern (Flag). Patiently waiting for this pattern to build up.

The short-term flag pattern suggests a potential downside move within the larger bullish trend.

We may see a rejection of price at the lower dynamic trendline, then next tou retest the upper zone before it sell off.

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