AUD Bulls drive Euro lower-Sell Tip for 17.10.2017Guys,
There is not rocket science or some AI stuff. There is an inverted hammer after last week candlestick closed, a stochastics sell signal and all importantly, a bear divergence meaning the recent above average bull volume was the final push and the consequent bull candlestick were driven by hot air.
As price action is testing 1.5, an important psychological round number, sellers should drive prices lower and maybe breach the support trend line.
There will be no problem with selling and holding this in fact you will be making cash doing so.
Trade as follows;
Sell: 1.50
Stop Loss; 1.51
Take Profit: below 1.46
More interesting analysis here: forex.today
Reach out let me know what you think.
Trade well guys.
