elmakacho

EURAUD Analysis.

Short
elmakacho Updated   
FOREXCOM:EURAUD   Euro / Australian Dollar
Hello everyone. I want share my idea about EURAUD.

Here is not lot to talk, We are at good LVL for catch good price reversal movement.

for that we need to wait touch to that point which I have marked with yellow circle, first I need to see aggresive bearish reaction after touch for open my short position.

WE NEED TO OPEN CAREFULLY POSITION!!!!

Because I have marked also weekly Fibonacci LVL which worked and after touch it continued move uptrend.

Next week There is lot of news of EUR which I think show to the pair market reaction.

Be Patient!!!!!!
Comment:
It broke resistance and came back, at the moment it the best opportunity to open long entry.
1.635 will be my long position entry.

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