Remember that the ECB press conference is happening in < 8 hours so that might mess this up :)
We might have a big bearish gartley or butterfly forming on the EURAUD; we're at the AB leg completion with RSI looking overbought, so I'm hoping we fall down to support around 1.4152-ish to form our BC leg, retracing after that to form our CD leg, which could complete @ 1.4480-ish or 1.4540-ish if it's going to be a gartley, or 1.4800-ish if it's going to be a butterfly.
For now I'm hoping to get a fill and sell short if we retest structure @ 1.4385-ish with a stop at 1.4420, which is right above upward resistance. Depending on how long it takes things to play out, I might flatten my position if it gets too close to EUR news...
We might have a big bearish gartley or butterfly forming on the EURAUD; we're at the AB leg completion with RSI looking overbought, so I'm hoping we fall down to support around 1.4152-ish to form our BC leg, retracing after that to form our CD leg, which could complete @ 1.4480-ish or 1.4540-ish if it's going to be a gartley, or 1.4800-ish if it's going to be a butterfly.
For now I'm hoping to get a fill and sell short if we retest structure @ 1.4385-ish with a stop at 1.4420, which is right above upward resistance. Depending on how long it takes things to play out, I might flatten my position if it gets too close to EUR news...