EUR/AUD 21.04.2017
Time frame D1
Long-term downtrend, lower tops and lower bottoms. The price reached main diagonal resistance, EMA 200 and FiBo 50.0
Price action signal: Pin bar at levels of EMA 200 and diagonal resistance
Technical indicator:
DeM(14) - Turning down from zone of overbought - negative signal
SL: 1.4360
Alternative scenario: If the price breaks over FiBo 50.0 , the positive scenario will be dismissed.
Trader Bozhidar Arabadzhiev
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