EURAUD CHART ANALYSIS DECEMBER 30 2021 SUNDAY EVENING

EURAUD CHART ANALYSIS DECEMBER 30 2021 SUNDAY EVENING

-On weekly, price broke the weekly 300 MA around Dec 28 2021 and created a support around 1.54379.
-On weekly, it touches the upper BB and seems showing a constrictions.
-D1 TF shows a structure not able to break
resistance and support.
-D1 resistance reached.
-H4 shows a structure but price broke the resistance and touches the upper BB.

***Probable short and will be confirmed when MACD line cross the signal line on H1. Would take a short position for 20 to 25 pips as it would be against the trend or would wait for the price to reach the lower BB and resistance.
Chart PatternsTechnical IndicatorsTrend Analysis

Feragatname