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EURAUD - Analysis requested


The story:

  1. We had Sellers coming in on Fib

  2. Push Down - How do we know that this is a push down and not hard to move down? The asnwer is: We do not at that point of time but we do later on since price never broke upwards that wave.

  3. We have to possible Plutus Reversal Short formed but they are cancelled because that 7.1 bar never broke the lows of the range.

  4. We have a new range formed since we breaked upwards the previous range and Plutus Short formed with SI ratio 7.4/3.4>2

The result 48 pips from entry point




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