EURAUD: Decision price level-testing 200 EMA daily

20 Nis 2017

EURAUD is near a decision price level as it just tested 200 EMA (Daily) and also the daily trend line.
For more see on the chart.
Good luck!

20 Nis 2017

Not

Price tested daily trend line and 200 EMA (daily) and reversed.
Now at the top of the structure we have a Gartley pattern on 240 min time frame that was violated by only 24 pips. My view on this setup:
First scenario:
If Garley pattern is still valid we can see a strong move to downside for another retest the of the daily channel.

Second scenario:
If Garley is not valid, we can see a retest of the structure up to the green zone and then price can move very strong to upside.

20 Nis 2017

Not