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jojofang0901

EURAUD Top of price action, watch for reversal

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Euro / Dolar Australia (OANDA:EURAUD)  
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OANDA:EURAUD   Euro / Dolar Australia
Chart Patterns Parallel Channel Flag priceaction structure pattern impulse correction Wedge
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chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern


Hi traders:

Watching closely to EURAUD's bearish price action.

We can see after a sharp bearish impulse phase on the higher time frames, market begin to correct within the larger parallel channel.

Latest price has an ascending channel within the larger correction, and a reversal price action at the top, bearish momentum coming in now.

Wait for confirmed breakout follow by a bearish continuation correction on the lower time frame by the sell down to the lows.

Thank you
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