EUR/AUD It’s Time for Sellers to Turn the Tables

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The EUR/AUD is making a 1-2-3 hook pattern and we should see a move down. Sellers are here.

After a retracement, the pair has come to W H3 camarilla pivot. However, it is not just the W H3, it is also a M H4 which indicates a monthly camarilla pivot level. I see a continuation lower towards 1.5538 and a potential for 1.5465. Sellers are in control at this POC as the AUD is getting stronger. Watch for a drop from the POC zone towards above-mentioned levels.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of