EURAUD CHART ANALYSIS DECEMBER 30 2021 SUNDAY EVENING
-On weekly, price broke the weekly 300 MA around Dec 28 2021 and created a support around 1.54379.
-On weekly, it touches the upper BB and seems showing a constrictions.
-D1 TF shows a structure not able to break
resistance and support.
-D1 resistance reached.
-H4 shows a structure but price broke the resistance and touches the upper BB.
***Probable short and will be confirmed when MACD line cross the signal line on H1. Would take a short position for 20 to 25 pips as it would be against the trend or would wait for the price to reach the lower BB and resistance.
-On weekly, price broke the weekly 300 MA around Dec 28 2021 and created a support around 1.54379.
-On weekly, it touches the upper BB and seems showing a constrictions.
-D1 TF shows a structure not able to break
resistance and support.
-D1 resistance reached.
-H4 shows a structure but price broke the resistance and touches the upper BB.
***Probable short and will be confirmed when MACD line cross the signal line on H1. Would take a short position for 20 to 25 pips as it would be against the trend or would wait for the price to reach the lower BB and resistance.