EURAUD
- We have a nice resistance above previous 4h candle, also previous support;
- Point C with a target around the bottom of the consolidation "box"; (it can create a nice r/r option to buy)
- Eventual pont D ... IF forged, can "give us" a new Lower High and other option to sell with friendly r/r.
Eventual Bearish Cypher:
Point B:
38.2% to 61.8% XA
Point C: (LONG)
127% to 141% ext XA
Point D: (SHORT)
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD
SL above point X
Safe trades;
