FX:EURAUD   Euro / Australian Dollar
EA did do a w-x-y up to .618 retrace. Break of channel and flag would confirm sell. It can drop a lot from here, but looking at weekly TDI makes me think we may get some larger corrective structure. It did retrace down enough considering it did a large diagonal pattern, but it is in a sell for now.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.