EUR/AUD: I am a seller, but why?
Updated
Selling the pair because:
- The pattern (in yellow) broke this morning EU time to the downside
- Price failed to stay above the daily pivot level @ 1.63390
- Price is below all EMAs
I am taking advantage of EUR overall weakness and AUD strength on H1, H4 and D, to sell the pair. My target will be the previous support as shown in my chart, around 1.61760 levels.
Trade at your own risk
- The pattern (in yellow) broke this morning EU time to the downside
- Price failed to stay above the daily pivot level @ 1.63390
- Price is below all EMAs
I am taking advantage of EUR overall weakness and AUD strength on H1, H4 and D, to sell the pair. My target will be the previous support as shown in my chart, around 1.61760 levels.
Trade at your own risk
Trade closed: target reached
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