The upper zone -as seen on my chart is the ressistante that I believe will hold $EURAUD from a further move upside.
Fundamentally, Krisis in EUR zone will make the price to go down, while higher interest rates by RBA will favor AUD.
I am seeing the overbought on the RSI. I expect the daily RSI will show us a bear divergence, while price action creating a break on the local supports, showing us a nice positiong for Sell.
Good luck and keep learning!
Long life learner
Fundamentally, Krisis in EUR zone will make the price to go down, while higher interest rates by RBA will favor AUD.
I am seeing the overbought on the RSI. I expect the daily RSI will show us a bear divergence, while price action creating a break on the local supports, showing us a nice positiong for Sell.
Good luck and keep learning!
Long life learner
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My first target to the nearest support was reached this morning.
Trade closed with at least 90 pips. Alhamdulillah!
There could be a further move above, or create a consolidation around this price.
The setup could be usefull for next week's trade.
Thank you,
Trade closed with at least 90 pips. Alhamdulillah!
There could be a further move above, or create a consolidation around this price.
The setup could be usefull for next week's trade.
Thank you,