Looking at the charts today I noticed something that caught my attention. In this post I will try to share my idea with You. First I want to draw Your attention to EUR/AUD monthly chart to see the overall picture.
We can clearly see that last move up has been a correction .It has made a higher high kind of tricking traders into buying. It happens so often before the price drops significantly. There is also a solid resistance at this area marked with ellipses. Price also went back down below 1.50…
We can clearly see that last move up has been a correction .It has made a higher high kind of tricking traders into buying. It happens so often before the price drops significantly. There is also a solid resistance at this area marked with ellipses. Price also went back down below 1.50…