EURAUD: Daily trend line resistance + Bearish Cypher pattern

Price now extended in a very strong resistance zone. I am expecting for any bearish pattern before any Sell.

1.Price is near daily resistance trend line
2. Price almost touched 61.8 Fib.Ret at 1.5240 price
3.Price is at the top of the yellow channel for the moment
3.Completed Daily Cypher patter
4.Strong Divergences

This is only my opinion.
Good Luck.

Yorum:

Daily chart

Yorum:

Price is breaking the 240 min channel. If you are not in the trade you can wait for a deeper retracement or a bearish flag before selling EURAUD.