On a weekly TF, chart is showing divergence but on the Daily and H4, EURAUD still has momentum up its sleeve.
Looking for a pullback down to 1.272 area to enter a trade with a target going to 2 extension that is also in confluence to the bigger 2.618 of the Daily.
I set an alarm when price is breaking the counter trendline.
Looking for a pullback down to 1.272 area to enter a trade with a target going to 2 extension that is also in confluence to the bigger 2.618 of the Daily.
I set an alarm when price is breaking the counter trendline.
Komen:
Counter-trendline triggered hours ago. We'll see if price breaks the 1.605 price area and close below it, invalidating our idea. Otherwise, market will continue to be bullish.
Komen:
The chart from the comment above.
Komen:
This idea was invalidated after breaking our .236 area below.
Please see new updated chart for this pair:
Please see new updated chart for this pair:
