thillygoosth

Eur/Aud 7 swing structure

OANDA:EURAUD   Euro / Dollar Australien
For you supply and demand traders. Eur/Aud is showing divergence. This is a supply zone of extreme importance considering the price pattern and fibs. It's going down at the moment, but we don't necessarily have any confirmation yet (this is high time frame stuff and a large zone). If EA was to push up, equal length to "A" would take it to the .764 fib to break the high. This pattern doesn't need to break the high, although they can. That is a lot of pips long term, so my plan is to continue looking for sell setups and letting some run until I get that trade. It is possible we get some sort of smaller flat structure on daily and then a push up again (this may take a long time to play out.)

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