EURAUD Range Trade
Structure: Range Bound (1.5980 - 1.6310)
Moving Average: Cluster, Testing 200 SMA support
Trendline: ST Uptrend Line Broken
Pattern: 2 pinbar, 4 times Top at 4H
Trigger: Breakdown of Neckline Support
Resistance: 1.6260, 1.6310
Support: 1.6150, 1.60
Clear Rectangle Range formed at Daily and 4H
2 large pinbar around 1.6250
Subsequent bearish candles confirmed lack of bullish power to breakout
Wait rebound to short at 1.6220
SL: 1.6330
TP: 1.60
Moving Average: Cluster, Testing 200 SMA support
Trendline: ST Uptrend Line Broken
Pattern: 2 pinbar, 4 times Top at 4H
Trigger: Breakdown of Neckline Support
Resistance: 1.6260, 1.6310
Support: 1.6150, 1.60
Clear Rectangle Range formed at Daily and 4H
2 large pinbar around 1.6250
Subsequent bearish candles confirmed lack of bullish power to breakout
Wait rebound to short at 1.6220
SL: 1.6330
TP: 1.60
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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.
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.