theexchangefx
Short

EURAUD PATIENTLY WAITING!

OANDA:EURAUD   Euro / Australian Dollar
EURAUD 1HOUR TF

So here is something I am waiting for to come back and test the retracement on the fib retracement! I am not going to be holding my breath here as this could still continue with the downtrend and not retrace!! or we could see a swing trade happen when it breaks out of my trendline retest the trendline on the 50% fib level and see it go for 1:12 RR

When will I take sells!



Retest Trendline
Bearish candle
exhaustion
-- Breaks trendline comes back in the trendline zone
- resistance holding it down with trendline!


Comment: Price is making Lower lows now! so the fib retracement has changed!

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