2612 P6/10 EURAUD facing a possible correction soon
Happy New Year to you guys!!
EURAUD has a strong reason for us to wait for a short
trade entry signal inside that top purple zone:
1. Its retouching the red broken trendline on the other side.
2. Its reaching FIBO 1.618 of its first uptrend wave .
This position usually could be a high possibility of reversal
or correction.
3. Its has been a little far away from its upper line of
bollinger bands which means it needs to be amend before
it can get a higher position .
This is not a trading signal but a plan waiting for trading entry signal.
Less is more!
EURAUD has a strong reason for us to wait for a short
trade entry signal inside that top purple zone:
1. Its retouching the red broken trendline on the other side.
2. Its reaching FIBO 1.618 of its first uptrend wave .
This position usually could be a high possibility of reversal
or correction.
3. Its has been a little far away from its upper line of
bollinger bands which means it needs to be amend before
it can get a higher position .
This is not a trading signal but a plan waiting for trading entry signal.
Less is more!
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