EURAUD Back On Track?

Good evening ladies and gentlemen

I hope you all have had a productive day in the market. As a reminder, immersion is key to be a succesful trader!

So to the EURAUD and did she behave as expected after the confluences from yesterday? Looking at the 1 Hour chart we can see that price has indeed dropped to the S Level, rebounded, retested the VI and is now on it's way back down again. It just goes to show that with the edge in your favour, the markets will behave as you anticipated (but remember not each and every time!!). We may now see a more natural drop in price since price seems to have regulated itself. As Smart Money that means a drop followed by periods of retracements! But as always what next?? We have price below the RN and testing it as we speak so could we see a bounce of the R Level? On the daily, Stochastics is still showing a fake signal and yesterday's bar was an intersting looking doji!

(Annoyingly still having problems - Please refer to the 1 Hour chart!)

As always do your own analysis!

I will leave you with this thought "Effort only fully releases it's reward after a person refuses to quit!"

Total Abundance is your Birth Right

Zaheer Anwari