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TheSignalyst

EURAUD Short-Term short Idea

Short
Euro / Australian Dollar (FX:EURAUD)  
TheSignalyst  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis EURAUD Divergence Technical Analysis priceaction short SELL
3
0
trendanalysis chartpattern beyondta euraud divergence technicalanalysis priceaction short sell
EURAUD Short-Term short Idea

waiting for a momentum break below 1.630 to sell this one

Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Channel (in blue)
3- Rejection zone and two rejection candle from Daily timeframe
4- Double Top pattern in purple

Four confluences are enough to consider shorting EURAUD, after a break below 1.630 (in black)
This analysis is done using RichTL
www.RichTL.com

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