Euro / Australian Dollar

Short

EURAUD - SHORT - PULLBACK SETUP 1H

Updated

This pair is looking very bearish at least in the short-term.

- Breakout below range and short-term trendline
- Pullback to recent support
- Price decelerating

Good TP level at 1.615 area

Note

Trade live

Note

Oh well... missed my TP and just closed it on breakeven.

Note

- Pair is starting to look bullish once again in 1h-charts.
- Willing to short this pair below 1.624 if it makes a falsebreak above 1.624

Note

Price did a huge false-break above 1.624.
Time to short

Disclaimer

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.