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Lingrid
Apr 16, 2024 7:38 AM

Lingrid | EURAUD possible fake BREAKOUT of PREVIOUS week high Short

Euro Fx/Australian DollarFXCM

Description

The price perfectly fulfills my last idea. It hit the target level. FX:EURAUD rejected the resistance by forming a long-tailed bar. The market is moving sideways near the resistance zone. It does not show signs of bullish strength. It is worth noting that the price broke the previous week high. I think the market will take liquidity above the PWH and then roll back. I expect to fall from the resistance zone and retest the middle of the range zone. My goal is to support level 1.64575



Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Comments
Lingrid
Please rate the idea, what do you think guys✌️?
oosthuizenp
Just touched, 1.6556, lets see if it makes its way down
Lingrid
@oosthuizenp, yeah let's see
oosthuizenp
@Lingrid, hmmm not going the way I hoped
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