Current status of EURAUD _ There is a possible Short scenario due to a major reversal zone. The following confluences confirm my bias.
- Harmonic Pattern
- Obvious Bearish Divergence on RSI comparative to actual Chart.
- Look Left - Major Support was previous Now Considered Resistance.
- Gap @ Price Point 1.43317 Which matches with the C leg of the Harmonic Pattern.
- Harmonic Pattern
- Obvious Bearish Divergence on RSI comparative to actual Chart.
- Look Left - Major Support was previous Now Considered Resistance.
- Gap @ Price Point 1.43317 Which matches with the C leg of the Harmonic Pattern.
Comment:
The Harmonic Pattern was not Verified on my Harmonic Scanner how ever it is a Textbook Bearish Crab