We can see a clear downtrend closed in in a channel (the Yellow lines). The trend is your best friend, that is why i am short on EURAUD
You can als see that there is a strong resistance around the .382 fib. level. In this i see a short term opportunity.
Long term we can wait for the trend to get closer to top of the channel it is in right now. When we see that it hits the top of the channel we can look for a swing trade.
You can als see that there is a strong resistance around the .382 fib. level. In this i see a short term opportunity.
Long term we can wait for the trend to get closer to top of the channel it is in right now. When we see that it hits the top of the channel we can look for a swing trade.