EURAUD. Short opportunity.

2018년 8월 19일

This is the best setup I have for this coming week. EURAUD, broke out of a range, then price went back to test the bottom of the range or rather the previous support zone which has turned into resistance. It also got rejected at the 50 percent fib and then it broke out of the corrective structure, one might say a bearish flag. I see this pair moving even beyond the fib extensions, all the way down to the bottom support level.