EURAUD has been in the supply zone, took out the previous highs and has shown a change of character in the 15min - 1Hr timeframe
POI within a daily OB
- entry at 79% retracement
- entry is above the Asian range
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OVERALL Bearish projection for NFP.........2 CONSECUTIVE NEGATIVE GDPs = RECESSSION !!!!!
Directional arrows lead me to prepare for a bearish rally this morning. We had another Supply zone, waiting to activated and rejected. Once price rejected supply area and closed below 12140, Sell opportunities.
TP1: 21240
TP2: 120790
TP3: 120230
RR: 20-40:1 (depending on...
Price has reached the 38.2 retracement level, which is a key level.
If price finds resistance here, we could see a move to the downside to complete the current fib sequence.
If it breaks above, we could see it travel to the 61.8 D extension before making a move to the downside.
