Hello traders good to be with you on a Friday and a crazy week. The Brexit is the headline and I would think will be for the rest of the week until June 23rd, 2016 the big day to vote. Oil dips and gold stays steady around the 1.300 level.
OK traders we are looking at the EURAUD as this was the best pair I could find for a possible sell trade. I have placed the support and resistance levels on the chart as well as the Fibonacci tool. I would like to see a 32.8 pullback and we could look for a bearish candle formation and sell this just under the 200 ema at the price level of 1.5268. I am looking to talk profit at the support zone I have placed on the chart at the price of 1.6160.Remember traders my bias is bearish and all I am looking for is a nice sell opportunity.
Thank you traders and we will talk soon…..William