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Cas4xx

EURAUD Short Trade Opportunity... Full analysis on screen

Short
Euro / Australian Dollar (FX:EURAUD)  
Cas4xx Updated   
FX:EURAUD   Euro / Australian Dollar
Support and Resistance Fibonacci Trend Lines EURAUD euraudshort euraudanalysis euraudsell euraudbearish euraudtrade euraudforecast euraudsetup euraudidea
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supportandresistance fibonacci trendline euraud euraudshort euraudanalysis euraudsell euraudbearish euraudtrade euraudforecast euraudsetup euraudidea
Price is up against some heavy resistance @1.63 and we can also see that Bearish momentum is increasing so I guess we will see a further decline in Price in the next few days. Crucial is a break of the trend line on the other hand if there is a break of the counter trend line I will close the trade manually. I hope my on screen analysis is clear but if not feel free to ask me in the comments below.
Comment:
Although we saw a further incline of Price the Counter Trend is still intact. I’m still patiently waiting on a break of the Trend line up. Hopefully we’ll get closer next week.
Trade active:
Trade is still active. I hope we will see a further decline this week. In the image below I drew the channel price is currently in.
snapshot
Comment:
Price still respects the Counter trend line as drawn on the image above. I hope we will see a break of the Trend line this week.
Comment:
Price finally broke the Trend line and heading towards the Fibonacci 0.5 line. From this point forward I let my trade run until Price breaks the Counter Trend line.
Comment:
Still holding on in profit...
Comment:
Price is back at S/R level around 1.631 still holding on because I think the Counter Down trend is still intact.
Comment:
Comment:
We are going back down again! Still being patient.
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