EURAUD Sell 400 pip Opportunity
Updated
EURAUD again! Have been buying this pair for a few months now. This pair is in consolidation and we have hit the top of the range with a close under it.
RSI in sell zone
Resistance (top channel) held strongly.
Enter at price area range of 1.6500-1.6550
TP long term target is 1.6100 area but I recommend taking profit ranges of 50-80 pips as you trade down. I will be selling down towards the bottom of the channel and looking to reap 400 pips minimum from this pair.
Good luck trading!
Charles V
CVFX Management
Trading made Simple
RSI in sell zone
Resistance (top channel) held strongly.
Enter at price area range of 1.6500-1.6550
TP long term target is 1.6100 area but I recommend taking profit ranges of 50-80 pips as you trade down. I will be selling down towards the bottom of the channel and looking to reap 400 pips minimum from this pair.
Good luck trading!
Charles V
CVFX Management
Trading made Simple
Note
Another daily bear candle close signaling downside movement. Will be trading this all the way down until RSI becomes oversold.Note
Trade signal up 200 pips from top entry. Will update idea on smaller timeframe today for reentry.
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