Approaching heavy resistance zone

アップデート済
After a huge plunge in May, EUR/AUD bounced in June and formed a rising wedge pattern.

The blue area represent the heavy resistance zone.*

*Why is it a resistance zone?
1. 0.618 fib retracement of the great plunge from 1.6195 to 1.52700./
2. Neckline of the double top

There are two scenario I think EURAUD may go on Monday.
1. EURAUD may rise until reaching .618 retracement which is 1.58453 and then fall on the next few trading days./
2. EURAUD may directly breakdown support line .


トレード稼働中
scenario 1 : good to short now with stop loss above 1.59635
トレード終了: 利益確定目標に到達
target 1 hit
ノート
its heading to 1.55
Chart PatternsTechnical IndicatorsTrend Analysis

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