Hameedfx

EURAUD Bearish Opportunity

Short
FX:EURAUD   Euro / Australian Dollar
I am always look for 2nd retracement / retouch while taking a position. Here the daily trend has significantly changed its direction to Bullish bias on the start of current week. Yet We are at a very strong Resistance Level . First It touched on Tuesday 06th August 2019 and did some down movement. I was still waiting for the key position to hit again. And the same happened. Yesterday, It made a high at 1.6786 where we have been waiting for the price direction eith up or down....
Today It gave us a bearish engulf right @ Key Level which in my view, is the confirmation of short bearish direction. We are going to take some nice pips here...

Signal
Sell Stop @ 1.6515
SL 1.6615
TP 1.6300

Remember to be ready for buy from 1.6260 area.
Trade active
Trade closed: stop reached: SL hit at Break Even @ 1.6615

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out