EURAUD Short SetupHi everyone, I'm looking for a nice sell opportunity in EA for some reasons:
- If we see weekly chart, you can see that there are a lot of rejection from 1.5850(we didn't close for one month above that level)
- if we see daily chart, in 5 March we made new lows, and March 18 we spiked on that level (sort of double top) before going down.
- Today we can see clearly that we had a rejection from that trendline and just price repeats it's self we are spiking towards that level but we're having trouble passing that level.
- 1.59600 , if we close daily above that level , that will invalidate my entry otherwise I'm in this trade with a big stoploss cuz of huge
opportunity 200 - 300 pips or more.
- if we see 4h we can see that we're having a lot of spinning tops, dojis - meaning that the trend is slowly ending.
Trade safe guys!
