Tuesday, 23 October 2018

EurAud Selling Opportunity at 1.62850


The market price stands below a very strong resistance level 1.62850 which has been confirmed by the previous selling pressure which has been noticed at the given levels. we will be looking for any possible sell candle formations before we enter our short positions on the pair.

On the fibonacci Retracement we are having the same level 1.62850 confirmed by the 87.6 Optimal Trade entry level which indicates the Institutional orders and the selling pressure which is to take place on the the level once the market gets to that point.

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Sifiso Nkwanyana

Author & Editor

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