EURAUD: Decision price level-testing 200 EMA daily

Euro / Australian Dollar (FX:EURAUD)

Updated

FX:EURAUD Euro / Australian Dollar

EURAUD is near a decision price level as it just tested 200 EMA (Daily) and also the daily trend line.
For more see on the chart.
Good luck!

Comment:

Price tested daily trend line and 200 EMA (daily) and reversed.
Now at the top of the structure we have a Gartley pattern on 240 min time frame that was violated by only 24 pips. My view on this setup:
First scenario:
If Garley pattern is still valid we can see a strong move to downside for another retest the of the daily channel.

Second scenario:
If Garley is not valid, we can see a retest of the structure up to the green zone and then price can move very strong to upside.

Comment:

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