Good day. So im looking to sell this pair. I am a bull on the AUD and a bear on the Euro.
Seeing as the pair is in the bearish zone, looking to sell it to the relevant pivot target. Currently a sell at MM3 would target a TP at MM1. Looking to sell this pair down looking at lower timeframes for confirmation and entry.
Currently on the H4 chart the pair is sitting on the WM2 and MM3 confluence. Looking for the pairto break the WM2 pivot and re-test the level before considering a sell. A failure to break above the confluence could lead to selling of the pair.
Looking to enter this pair based on a break of the current support which has a confluence of WM2 and DM2. Looking at the 21 to offer resistance.
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About The Forex Analyst
Currently have just over a year of trading experience. Still learning but as time goes on will get better. Feel free to leave your opinions and thoughts to further enlighten each other.