EURAUD SHORT

22 Nis 2022

4HR FIB HELD 50.0 -61.8 Level from April 10th and tested it 3 times for a valid resistance. We can see on the 4hr and Daily that the overall bias is a downtrend. Applying the fibs to price, it has now broken through the 61.8 level, and could possibly be headed to the 78.6% - 88.6% zone where I will be looking to place shorts for the price reversal.