EURAUD showing loss of momentum on 4H chart for Bears, 4h chart is showing strong bullish action going into New York Open. Due to slowing in bearish momentum we can see this is a fear zone, and a contrarian approach can be taken.
PLEASE NOTE - I have an algorithmic approach to my trading and this is contrary to most FOREX traders and I understand that my charts may be difficult to read for most people.
PLEASE NOTE - I have an algorithmic approach to my trading and this is contrary to most FOREX traders and I understand that my charts may be difficult to read for most people.
Comment:
Strong Fear Zone for bears as indicated on charts.