EURAUD Reversal
A double top followed by a clear break of the blue zone has triggered my sell signal. The next key area of resistance would be 1.54500 area. Let's see what happens.
Reasons to enter a sell trade:
- a double tops meaning a reversal could be on the cards.
- price has moved away from the outer Bollinger band
- RSI shows a downwards divergence
- a clear break of 1.56500 level/zone
- the MAs are now facing downwards
- No major news for either EUR or AUD till Thursday 15th
Reasons to enter a sell trade:
- a double tops meaning a reversal could be on the cards.
- price has moved away from the outer Bollinger band
- RSI shows a downwards divergence
- a clear break of 1.56500 level/zone
- the MAs are now facing downwards
- No major news for either EUR or AUD till Thursday 15th
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.