Sell (possible pivot)

FX:EURAUD   Euro / Australian Dollar
Sentiment towards a sell off continuation to support.

MACD /SIGNAL are in the process of crossing zero line for momentum increase. RSI looking for a break or support of 40 .00.

A pivot with high volume close out above 1.56600 may sentiment onwards a retest of 1.57400 resistance. A break and close out below with 1.56600 with indicators checking out a retest of 1.56000 support.

Please comment with thoughts and ideas. Thank you.
Comment: Went in the direction of buyers and hit the tp target I forecasted off pivot.


excellent analysis. Keep up.
+1 Reply
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