Hi there , Today I took a trade shorting USDCAD and decide to trade another pair wich I found an oppurtunity to short EURAUD
EURAUD developed a rising wedge pattern and showing RSI Divergence indicating a weakness wich highly increases the probabilty to turnover and head down.
What I see Is this pair heading straight down or for a potential head and shoulders pattern wich is also bearish wich makes this a good setup to short
No major economic events that could cause volatility and change market direction
STOP : 1.57000
TARGET : 1.52000
EURAUD developed a rising wedge pattern and showing RSI Divergence indicating a weakness wich highly increases the probabilty to turnover and head down.
What I see Is this pair heading straight down or for a potential head and shoulders pattern wich is also bearish wich makes this a good setup to short
No major economic events that could cause volatility and change market direction
STOP : 1.57000
TARGET : 1.52000