EURAUD POSSIBLE BEARS
Looking at this pair from the Monthly TF i noticed the we're obviously in a bearish momentum as retracement just ended, i was able to add more confluence by using my fibonacci tool from swing highs to low then i noticed the market has retested the 50% fib ratio and shifted a way convincingly.
Going down to the Weekly TF i noticed we're also in a bearish momentum as the previous Weekly candle closed strong bearish and my EMA's are in confluence with my bias i was able to plot a trendline which is more confirmation for my bearish bias.
Looking closely at the Daily TF i observed the full bearish move the Daily candles made before the accumulation in which i'll e patiently waiting for a break combined with fundamentals which will be my final confirmation to go short when the market opens also the 9 and 21 EMA's are in bias favor after my fina confirmation then i can go to the H4 TF which is the TF for my ebtry in which i'm looking to swing trade and get up to 915pips...
Going down to the Weekly TF i noticed we're also in a bearish momentum as the previous Weekly candle closed strong bearish and my EMA's are in confluence with my bias i was able to plot a trendline which is more confirmation for my bearish bias.
Looking closely at the Daily TF i observed the full bearish move the Daily candles made before the accumulation in which i'll e patiently waiting for a break combined with fundamentals which will be my final confirmation to go short when the market opens also the 9 and 21 EMA's are in bias favor after my fina confirmation then i can go to the H4 TF which is the TF for my ebtry in which i'm looking to swing trade and get up to 915pips...
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