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Aug 5, 2019 2:04 AM

EUR/AUD CLOSING INTO A VERY ATTRACTIVE REVERSAL ZONE! Short

Euro Fx/Australian DollarFXCM

Description

Price Action (Technical Analysis): Top-Down Analysis is showing us that Price is continuously pressing up and respecting our Weekly Resistance. Speculating the Weekly Rising Wedge tells us that price is Coming to a Squeeze and we Expect Sellers to come in, Break this pattern, giving us a very good idea to go in short with good candle stick readings at Key Fibonacci Retracement Levels. As every analysis should be completed and we also Acknowledge the Opportunity Buyers can give us if price breaks above our Weekly Resistance. We would Find an Entrance into the Market after projecting an Accurate Exhaustion, typically to our Key Level of Resistance that'll now turn into Key Support (Weekly Swap Levels; Support turning into Resistance. Vice Versa)

Fundamental Analysis: None.
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