FX:EURAUD   Euro / Australian Dollar
Monthly
• Moving Averages crossed to the upside but pointing down
• Price action has broken below the bullish structure and thus enter the sell zone
• Price action has made an evening star candlestick formation with following candle being a bullish one which is signalling a delay in decline in price
Weekly
• Moving averages crossed to the downside however are close to crossing upwards
• Price action left a double top pattern prior to entering sell zone and this lead to a decline in price
• Price action is currently making a pullback after a bearish decline
Daily
• Moving averages about to cross to the upside
• Price action broke the bullish inner counter trend line
• Price currently leaving a daily doji candle on the chart
• Price has on three occasions left 3 strong wicks on the 78.60 fib level showing that there is resistance being found
4 Hour
• Moving averages about to cross to the upside but expectation is they will cross downwards as they are close
• Price broke below counter trend line and subsequently retesting it
• P.A showing a shooting star candlestick as a retest of the sell zone of the bullish counter trend line
• Sell execution imminent

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