EURAUD Sell idea ~700pips from week: 27-Apr-2020
Price in EURAUD has been in a steep fall on the Daily Timeframe. Price looks to be in a lvl 2 retracement on the 4h chart after a very strong move downward.
In the coming week, I would be looking at price retest the bottom of the last range of lvl 2. That also happens to be the 38.5% fib retracement for that last move. My TP1 would be at 1.65774 (450pips) and TP2 at 1.63201 (700pips). We are going to have a great week!
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In the coming week, I would be looking at price retest the bottom of the last range of lvl 2. That also happens to be the 38.5% fib retracement for that last move. My TP1 would be at 1.65774 (450pips) and TP2 at 1.63201 (700pips). We are going to have a great week!
Please remember to do your analysis, and share your thoughts.
**Please like and follow to encourage more analysis.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.