EURAUD Top of price action, watch for reversal

Kort

Euro / Australiensisk dollar (OANDA:EURAUD)

Uppdaterad

OANDA:EURAUD Euro / Australiensisk dollar

chartpattern parallelchannel flagpattern priceaction structure pattern impulse correction wedgepattern

Hi traders:

Watching closely to EURAUD's bearish price action.

We can see after a sharp bearish impulse phase on the higher time frames, market begin to correct within the larger parallel channel.

Latest price has an ascending channel within the larger correction, and a reversal price action at the top, bearish momentum coming in now.

Wait for confirmed breakout follow by a bearish continuation correction on the lower time frame by the sell down to the lows.

Thank you

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