Euraudsellsiganl
EURAUD Sell/Short Trade 4% gainEURAUD is trading inside following a Bearish Channel
Waiting to enter a short trade if it doesn't break above the channel.
Entry : When the price make a reversal from the upperline from the channel
Stop : 1.20%
Profit Target : 4%
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EURAUD approaching support, potential for a bounce!
EURAUD is expected to drop to 1st support at 1.60906 where it could potentially react off and up to 1st resistance at 1.61786.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
EURAUD Harmonic BAT Analysis and StrategyThis pair is currently trading at a major resistance zone and price action has recently broken below a major trend line trend line (yellow) as well. We also see the completion of a harmonic Bat Pattern. These are all bearish technicals which signals a move lower and is giving our short strategy validation. FX:EURAUD
EURAUD - Analysis - ShortPrice reached the weekly resistance along with the retest of a previous broken long trend line. In the test of the weekly resistance the price broke, again, the long trend line and is now retesting it, but is already showing some rejection bearish candles. I`m waiting for a clear bearish price action to go short!