EURAUD NOT convincing upward momentum We are still in short from Friday on this pair, the reason for not exiting the trade so far is failed breakout of the downtrend, all attempts failed as we see. The sole purpose is to hit the stop loss of many traders. Every deal we enter has an exit point and an entry point in our records. The exit point is a close above a supply area or a candle close below a demand area. This is how large corporations trade. And that's the right way.
Auraud
EURAUD 4H Short selling Idea Short selling idea
From 1.6750 - 161930
TP1 : 1.60000
TP2 : 1.58760
Stop Loss : 1.63330
This is not an investment recommendation or any call to buy or sell
It is just an analysis based on a study of the history of price action
Behavior , that may not be a necessarily reason for the success of
the structure or repetition. So please make your decision based on your vision .
To protect capital and manage your deals and trading successfully
the maximum loss in each transaction for the same currency or
commodity in the same direction should not exceed ( 2% ) of the capital .
Good luck >>