About meSelf taught trader, I am still new to trading and learning everyday. Feel free to give me your input as I want to learn to be a better trader. I'm not going to stop until I become a successful trader!!
Price has broken back and retested long term bearish channel. After being rejected of the resistance line and 23.6 fib level price has now broken previous low and heading to make a new low. My target will be 1.4315 which is the fib extension -0.27 and also previous support.
Long term view on EURAUD is bearish, currently in a channel displaying a head and shoulders pattern. It has now broken weekly trend line and am now waiting for a retest on daily for entry. Target 1 will be fib extension -0.27 which will touch support line on bearish channel.