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Aug 29, 2021 3:13 PM

EURAUD Daily Short! Where R Buyers (if any)? Price -Action POV. Short

Euro Fx/Australian DollarFXCM

Description

Aug 20 saw PEAK of price at Major Resistance 1.64301. Breach of this price would've created path to targets 1.70152 | 1.73186.

Also, price peaked AFTER completing THREE Major Targets: 1.63591 |1.63467 | 1.61714; all in line with previous Buy-zones.

What happens when Targets are reached? A SELLOFF ENTAILS.

Note: Idea is to complement your research.

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Thank you, Happy Trading.
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