Reply To: EUR/AUD

Cristian Ravalli

Hey Daren,

I did like so far, that the daily seemed to struggle to close above 5800. Which is now not the case anymore. However, by the looks of it, yesterday the daily closed above 5800 but is today selling of that level.

From a weekly perspective, I see that we have pulled back a 618% fib retracement. We have changed trend. The last 4 weeks on the weekly we’ve always closed with a bit of a wick at the top on each week. This is also the first week we have not opened higher than the previous week in quite some time.

Yep, I am definitively waiting for this to go short right now. Probably on the weekly, hopefully on the daily.

Hope this helps a bit. Let me know, if I was unclear in anything.

Thanks for exchanging with me.

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