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EURAUD 4H SHORT TRADES

Short
Euro / Australian Dollar (FX:EURAUD)  
Tradingstrategyguides  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns Technical Indicators trend pullback Divergence macdcrossover tradingstrategyguides EURAUD 4h forextrading
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trendanalysis chartpattern indicator trend pullback divergence macdcrossover tradingstrategyguides euraud 4h forextrading
This pair has been in an uptrend for a long time and still going
Trading against the trend is risky
If price goes against you close trade early
There is price divergence compared to the Macd

1st Short trade
Macd has crossed below the red line - bearish pullback bias
1st Sell Stop @ 1.6285
1st Take Profit @ 1.6205
SL above swing high

2nd Short trade
Macd should still be below red line and have crossed the red zero line also
2nd Sell Stop @ 1.6125
2nd Take Profit @1.6035
Find appropriate SL

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