BlazeGP

EURAUD, Focus and Wait

Short
FX:EURAUD   Euro / Australian Dollar
We expect a accumulation in the KL (where the value is now standing) and after of this, a fake out in the simetric triangle before the big fall of the value, this fake out could give us a 50% of fibo, what confirms to us a good moment to go in, but after the entry in the value, we need some confirmations, the first one of course is the finish of the accumulation, the second one is the fake out, the third one is the 50% of fibo and the last one could be a candels pattern who give us the best entry

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.