Trade Confluence Zone On EURAUD

2019-12-28 23:53:19

Traders,
There is a confluence region in the blue zone. The weekly trend line is broken. So now price can either go up to retest the trend line and then fall into the blue zone or go to the blue zone directly. Either way we can take a long position with 38.2 FIB as profit target. Overall this pair is destined to go down in medium to long term.

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