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Euro / Australian Dollar
Short

EUR/AUD: Shorting, target @ 1.59700

By SwissPips
Updated
Hi guys,

I am shorting this pair, my target will be the neckline at around 1.59700.

Best,

Jesse

Comment
We can see a nice rejection at 50%

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Comment
For those of you who want an extra confirmation wait for the trend line to break

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Comment
We are stuck in range since 5 hours but we have nice confirmation from volumes that it's bearish + a divergence from A/D indicator.

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Comment
Currencies are going crazy today, with lots of volatility.

Here is my plan for this trade.

Best,

Jesse

snapshot
Comment
Range
Price moving inside this box
Volume suggesting bearish pressure
A/D suggesting it's selling

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Comment
Off the screens

Have a good evening/night guys

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Took partial profits
Comment
Warning guys, red news for EUR in a couple of hours, protect your profits
Trade closed: target reached
We are in an area where it could potentially rebound

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Trade closed: target reached
Final target hit

Happy trading guys
audBearish PatternsChart PatternsEURForexｆｘSELLshortTrend Analysis

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