EurAud have reached a strong resistance level . that have been tested multiple times.
Even if we are in a major upp trend we have many signs of a smaller pullback or a countertrend move .
We have in the daily view completed a ABCD/ symmetric move up. In that same level we have prior structure resistance and A FIB Extension level 1,414, EURAUD is also in a extreme oversold area in the RSI.
In the 4h chart we can se a other Symmetric move , ABCD that ends in the same level as the daily move ends. Also we have some more FIB extension confluence Fib level 1,618
Also in the 4h we have a major divergence
Even if we are in a major upp trend we have many signs of a smaller pullback or a countertrend move .
We have in the daily view completed a ABCD/ symmetric move up. In that same level we have prior structure resistance and A FIB Extension level 1,414, EURAUD is also in a extreme oversold area in the RSI.
In the 4h chart we can se a other Symmetric move , ABCD that ends in the same level as the daily move ends. Also we have some more FIB extension confluence Fib level 1,618
Also in the 4h we have a major divergence