EURAUD to continue bearish
Updated
Hey guys, new month, new opportunities to make money. My first analysis is on EURAUD. If you agree do like, if you dont do comment why and please follow for more analysis. :)
Daily, we can see it is moving between this channel beautifully and even respecting it. Last week, we saw a huge push to the upside after it touched the weekly key level but it didnt break the trend, rather it has made a lower high and I have placed the Fibonacci Retracement tool and it closed right below the golden 61.8 level.
H4, we can see it is sitting at a daily key level, not yet broken, I would enter if H4 breaks and retest this level or for a better confirmation, wait for daily to close below. I have no orders on this pair yet. Please do enter cautiously and with proper risk management.
Please do like, comment and follow for more analysis. Next I am analysing BTCUSD ;)
Daily, we can see it is moving between this channel beautifully and even respecting it. Last week, we saw a huge push to the upside after it touched the weekly key level but it didnt break the trend, rather it has made a lower high and I have placed the Fibonacci Retracement tool and it closed right below the golden 61.8 level.
H4, we can see it is sitting at a daily key level, not yet broken, I would enter if H4 breaks and retest this level or for a better confirmation, wait for daily to close below. I have no orders on this pair yet. Please do enter cautiously and with proper risk management.
Please do like, comment and follow for more analysis. Next I am analysing BTCUSD ;)
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