EUR/AUD: Weekly Discussion for the week of Dec. 29- Jan.2

FX:EURAUD   Euro Fx/Australian Dollar
233 1 5
The EUR/AUD             is displaying signs for the continuation of the down-move. The pair has been in an up-trend for a while now, but the weekly shooting stars coupled with the impulse-sideways-impulse sequence possibility on the daily makes us interested sellers. Adding to that, we got a failed breakout higher on the daily, which ended up as a shooting star , followed afterwards by a bearish engulfing . We also got a stochastic cross-over from overbought on the daily, coupled with a stochastic overbought reading on the weekly. All things considered, we’re sellers, aiming to join the newly formed bear trend on the EUR/AUD             .
I like this idea. It could make for a good long term trade. It is carry positive too! By the way I need some education here. How do you get 2 charts on one trading idea? I would like to show more than one timeframe sometimes but cant.
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out