On a weekly TF, chart is showing divergence but on the Daily and H4, EURAUD still has momentum up its sleeve.
Looking for a pullback down to 1.272 area to enter a trade with a target going to 2 extension that is also in confluence to the bigger 2.618 of the Daily.
I set an alarm when price is breaking the counter trendline.
Komentarz
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Counter-trendline triggered hours ago. We'll see if price breaks the 1.605 price area and close below it, invalidating our idea. Otherwise, market will continue to be bullish.
Komentarz
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The chart from the comment above.
Komentarz
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This idea was invalidated after breaking our .236 area below.