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!
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!