MassCapital

EURAUD - Confluence Sell

Short
FX:EURAUD   Euro / Australian Dollar
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2
Weekly - Lower low, lower close, Price is looking to head lower and find the next key support level .

Daily - Price has come up to retest the key daily res at 1.5630 and closed with a long wick indicating rejection from this level.

H4 Entry - Morning star reversal pattern off the 61.8 fib and daily resistance. Looking for the 127.2 as extension targets which are also in line with the daily support level @ 1.5470