EURAUD - Short Term downside

A good opportunity to short this pair for the short term with the following confluences -

1) We have an RSI divergence
2) We have a technical wedge pattern
3) We have a completed 3rd wave structure between 161.8% and 200% extension

Kommentar:

The impulsive fall this moving fuelled by the positive AUD GDP is giving us more confirmation that we might see this pair reach for the 1.4732 area.

However, price might see some support around the 1.4920 area.

Shift your stops to protect your trade.

Kommentar: