BUY EURAUD
Updated
Fundamental analysis: The pair is trending upwards. AUD is being pushed down by a complex geopolitical context.
AUD inflation is falling although it remains high
Retail sentiment: 81% on sale
Technical Analysis:
For the moment we have nothing but a retracement towards the 0.5 FIBO + support + bullish trendline could offer an opportunity to escape.
On H1 the price seems to be preparing for a correction, I remain patient.
AUD inflation is falling although it remains high
Retail sentiment: 81% on sale
Technical Analysis:
For the moment we have nothing but a retracement towards the 0.5 FIBO + support + bullish trendline could offer an opportunity to escape.
On H1 the price seems to be preparing for a correction, I remain patient.
Note
The price is correcting towards support and trendline. However, the bearish momentum is strong.Rule to follow: never try to catch a falling knife.
So I remain attentive to signs of reversal on H1 TF.
Retail sentiment: 47% on sale, so more and more buyers which is not good.
Order cancelled
the price did not follow our expectationsRemember I was waiting for an LTF confirmation to enter the position and this did not appear.
For the moment the opportunity is no longer relevant
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