EURAUD

As per the daily graph, you can see the following:

- The pair is currently trading within an ascending trendline and we saw a rejection and an impulse to the downside when it reached the resistance area.
- RFI indicates on the daily and weekly chart that this pair is overbought.
- Let's wait for an impulse to the downside resulting in a breakthrough of the ascending trendline, then a retest and rejection of the trendline.

An update to follow once this trade is confirmed.

Please like and follow if you enjoyed my analysis. Thanks