The EURAUD currency pair for the Forex market is looking good for a bearish long term trade. It just broke through the consolidation period and starting to give signs of “life” again.
Here is the chart. My Entry is right at the .886 Fib retracement value. All the Ichimoku indicators are bearish so we are going to entry the trade now for a long term bearish trade.
Here is the Harmonic Analyzer chart. Notice, the .886 Fib value is key too here. If it breaks it, the next possible turn values are not for awhile.
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