Euraudsell
EURAUD SHORTBreak and retest of TL, nice rejections from the 0.618 which confluences nicely with a supply zone. Head and Shoulders formation on lower tf's which is a nice confluence for our sell, as well as divergence on the 30m RSI. SL an ATR above the wicks and TP is aiming for a retest of the lows.
EUR/AUDIf we look at Monthly and Weekly timeframe we have a lot of rejection from 1.6200 (a big shooting star Weekly).
If we look daily we have 4 rejections from 1.60000 and 3 dojis and 1 spining top (clearly this means that Eur/Aud will drop)
What I'm looking in this trade is a retest of 1.5900 zone before going down, it's a good trade where the risk reward is 1:8
basically 174 pips. Our first obstacle is 1.58500 level, which I hope we can break and retest before going down.
So I'm very bearish in this pair this also includes GBP/AUD.
My target is 1.57285.
Daily rejections and dojis from 1.6000
EURAUD testing Resistance Channel - Possible short trade EURAUD have been falling quite sharply over the past few days, for now this market is testing the top of the trend line where I can see the scope for possible resumption in the bearish trend.
I am waiting for the market to consolidate here and once it breaks below the consolidation phase, i will be triggering my shorts. Keep watching this market for a possible short direction.
Trade Safe!
EURAUD - SELL TIME - YOU AGREE?EURAUD HAS NOW BROKEN THE SUPPORT LINE
AND AS I HAVE ANALYSED WE ARE NOW EXPECTING
THIS TO GO DOWN.
GO TO LOWER TIME FRAME AND CHECK IF A FLAG
IS FORMING. BUT THE REVERSAL AND THEN SELL
DOWN. WELL THAT IS IS YOU ARE SURE OF WHAT
YOU ARE DOING.
SUPPORT THE MOVEMENT WITH YOUR LIKES,
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