EURAUD – Bearish Outlook
- Key Zone: 4hr FVG (Fair Value Gap) near 1.7800 – 1.7820
- Fibonacci Levels: Retracement aligns with 0.5 – 0.618 zone, potential reaction point.
- Expected Target: 1.76350
Analysis:
1. Market shows a downward structure with lower highs and lower lows.
2. A possible pullback into the FVG zone could trigger a bearish continuation.
3. Confluence with Fibonacci levels strengthens the case for short trades targeting 1.76350.
- Key Zone: 4hr FVG (Fair Value Gap) near 1.7800 – 1.7820
- Fibonacci Levels: Retracement aligns with 0.5 – 0.618 zone, potential reaction point.
- Expected Target: 1.76350
Analysis:
1. Market shows a downward structure with lower highs and lower lows.
2. A possible pullback into the FVG zone could trigger a bearish continuation.
3. Confluence with Fibonacci levels strengthens the case for short trades targeting 1.76350.
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.
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.