As seen in the picture, market hits heart line of Fib Channel, Market is saturated with Long. GBP/JPY dropping another 80-90 pips. This is not. Signal. This is only for showing
My Analysis: Right now EUR/AUD bottom of fib channel also just under my 38.2 FIB Retracement Line. Fundamentals AUD highly affected by Us-China trade war. Taking big hit in important goods. Also, Japan still has not signed a deal with US on Tarrifs on Cars and Car Parts. Making AUD weak against EUR. This is not a signal. This is for educational purposes
Disclaimer
Brake in trend line, then a retest back to the trend line and aligned with fundamentals which confirms Banks closing out majority making the market bearish. Possible sell about 600 pips. Disclaimer
