EURAUD Intraday Sell Idea

OANDA:EURAUD   Euro / Australian Dollar
D1 - After the strong bullish move currently it looks like a correction is happening.

We have the first leg down followed by a correction.

Expecting the price to create the second leg to the downside.

H4 - After the strong bearish move currently it looks like a correction is happening in the form of a range.

Until the key resistance zone holds my view remains bearish here.

If the price breaks and holds below the bottom of this range we may then consider it as a validation for the bearish view and may expect the price to continue lower further.


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.