laughingchartist

EURAUD [1-3 days view]

Short
FOREXCOM:EURAUD   Euro / Australian Dollar
Short EURAUD
Entry: 1.558845
SL: 1.593
TP: 1.578


  • Market initially spiked up and triggered my entry position before making a pullback below descending trendline resistance.
  • Market also holding below 55 period EMA
  • MACD below 0 level showing that we are still in a bearish configuration. This is a short term trade.

This is a follow up from my previous trade...
Trade closed: target reached:
Didn't realise i double posted. But anyway, target has been reached.

Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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