Eur/Aud structure analisys

Potential Reversal in a mayor resistance area in months where is a 50% in fib retracement, but we are in a pullback of a mayor downtrend and is looking to hit the 61 or 78 levels before continue going down, if retrace now should be around the red boxes , because is where the resistance is located on monthly timeframe. I still consider is going up and might have just consolidation before go up.

trade Safe

Gabriel

Yorum:

200pips in buy , let see if respect the zone or not, if respect them sell, if not continuation of the upside move.