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TheOzarkTrader
Aug 14, 2018 12:56 PM

EURAUD Short Scenario Short

Euro Fx/Australian DollarFXCM

Description

From the break of structure to the Fibonacciness of our trade setup,
we see that all three levels of our Price action Fibo tool was respected as well
as the test of structure break on the Weekly, Daily, & 4HR Time frames.

We can see an optimistic play to the sell side with exhaustion of buyers and
wicks that tell us the story. As we Continue to sell on the Pullbacks from the 1.60 areas
I expect more pull backs and more sell off.

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