EURAUD 1.60 retest!

16 gru 2018

Hello again, this EURAUD trade is very interesting. First of all, price on the Daily time frame have had a big bullish run. Prices made a new HH ( bullish signal) Prices have also made a doubloe bottom on the 38.2 fib zone, then, it broke the little bearish trendline creating a type of flag/pennant. This type of continuation patterns are usually at the 38.2. So until now, it is normal. When we put the Fib from the top to the bottom on the Daily time frame, we saw prices correcting and breaking the 38.2 and 50 Fib zone, which means that it may want to go higher until that 61.8. Moreover, that 61.8 zone is at a quarter point, at a level of previous support that can be the next important resistance. Many bullish clues!

See you at the top.

--Eldiablo1234--