Short Setup on EUR/AUD - Top and Bottom Analysis
4H CHART EXPLANATION:
Price left a great bearish candlestick at the zone of potential revertion. Also, there is MACD Bearish Divergence between the previous Higher Highs. We expect a downside movement towards the Support Zone, and if it is broken then it has potential to reach the Ascending Trendline.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
Price left a great bearish candlestick at the zone of potential revertion. Also, there is MACD Bearish Divergence between the previous Higher Highs. We expect a downside movement towards the Support Zone, and if it is broken then it has potential to reach the Ascending Trendline.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
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