EURAUD
We have run into support at the 0.59000 region, which aligns with the 71.00 % FIB, and on the lower time frames we have seen rejection of this area.
HOWEVER
We are are still in a down trend and to take a buy from this level will be trading against the trend. There is an opportunity to take a buy from this level but only if we can come back to the 0.59000 area to minimize the risk.
What I would like to see is price push up to the 1.60100 region and to sell with the trend, given we see price rejecting the zone and trend line. Otherwise a push through can confirm a good long trade.
HOWEVER
We are are still in a down trend and to take a buy from this level will be trading against the trend. There is an opportunity to take a buy from this level but only if we can come back to the 0.59000 area to minimize the risk.
What I would like to see is price push up to the 1.60100 region and to sell with the trend, given we see price rejecting the zone and trend line. Otherwise a push through can confirm a good long trade.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.