Wednesday, August 14, 2013

EURAUD PRICE ACTION: 1-2-3 Price Pattern. Bulls are re-loadin. August 14, 2013

 The expected bearish move on the EURAUD  has stalled, following the 123 bottom trade setup just above the supply zone of the pair. I was carrying a bearish bias on this pair until now. However to see any extensive bullishness, the pair has got to break the high of the 123 pattern. The 123 pattern as indicated above is critical price pattern that could precede a change in trend.

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