EURAUD had reached a key level, where it was rejected. Now EURAUD is continuing to form a near-perfect bearish trend. At present, the pair seems to be rejecting off of a resistive trendline, presenting an opportunity for bears to go short. Be sure to wait until the market gives you a valid entry according to your strategy. Use proper risk management.
Be sure to follow me for more ideas and analyses. Best of luck traders!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.