EURAUD
We have run into support at the 0.59000 region, which aligns with the 71.00 % FIB, and on the lower time frames we have seen rejection of this area.
HOWEVER
We are are still in a down trend and to take a buy from this level will be trading against the trend. There is an opportunity to take a buy from this level but only if we can come back to the 0.59000 area to minimize the risk.
What I would like to see is price push up to the 1.60100 region and to sell with the trend, given we see price rejecting the zone and trend line. Otherwise a push through can confirm a good long trade.
HOWEVER
We are are still in a down trend and to take a buy from this level will be trading against the trend. There is an opportunity to take a buy from this level but only if we can come back to the 0.59000 area to minimize the risk.
What I would like to see is price push up to the 1.60100 region and to sell with the trend, given we see price rejecting the zone and trend line. Otherwise a push through can confirm a good long trade.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.