EURAUD 18/12/2019

EURAUD 18/2/2019

*UPDATE*

Currently holding small short position from false break out of TL up to key level 1.631 area. I have illustrated a few possible scenarios moving forward as to remove the need to break it down through text as all the information should be found on the chart.



CONFLUENCES I USE

FIBONACCI

TREND LINE

EMA

!!TECHNICAL ANALYSIS KEY!!

GREEN - BUY AREA/ZONE

RED- SELL AREA/ZONE

PURPLE - POINTS OF INTEREST/ AWAITING PRICE ACTION