EURAUD is trading in a strong bearish trend.
With a sequence of lower highs and lower lows the price keeps falling within a parallel channel.
For quite a while the price is stuck though.
on 1.56 level the price managed to set two equal lows.
To catch the next bearish wave, wait for a daily violation below the yellow zone.
It will trigger a bearish continuation.
Remember that while the price is trading above the underlined zone, it remain in accumulation stage and shorting that is very risky
Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.