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EURAUD WAITING TO GO LONG ON FIB

Long
OANDA:EURAUD   Euro / Australian Dollar
PRICE IS CURRENTLY ON THE PULL BACK FROM THE UPTREND. WAITING TO SEE WHAT HAPPENS WHEN IT REACHES THE FIB LEVEL WHICH IS ALSO IN CORRELATION WITH THE EMA LEVEL. IF PRICE SHOWS SIGNS OF RESPECT AROUND THIS ZONE THEN WAIT UNTIL YOU SEE STRONG SIGNS FROM THE CANDLES BEFORE YOU BUY. TAKE PROFIT AT NEXT RESITANCE LEVEL.

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