Find opportunity to Short position for EUR/AUD
ROC 1 Week:
EUR/AUD: 2.6-6.7 = -4.1
Forecast: SELL
LWMA 6 All chart: SELL
Forecast: SELL
***************************************
Technical:
Find opportunity collecting up and SELL near middle of parallels
Set RR 1:2 TP at bottom trendline and SL at AOV
*ROC: Rate of change in 1 Week
**LWMA: Linear weight moving average
***AOV: Area of value (Purple zone)
****RR: Risk/Reward ratio
EUR/AUD: 2.6-6.7 = -4.1
Forecast: SELL
LWMA 6 All chart: SELL
Forecast: SELL
***************************************
Technical:
Find opportunity collecting up and SELL near middle of parallels
Set RR 1:2 TP at bottom trendline and SL at AOV
*ROC: Rate of change in 1 Week
**LWMA: Linear weight moving average
***AOV: Area of value (Purple zone)
****RR: Risk/Reward ratio
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