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HayatoDragonFX

EURAUD, daily tf, hanging man candle appears

Short
Euro / Australian Dollar (FX:EURAUD)  
HayatoDragonFX  
FX:EURAUD   Euro / Australian Dollar
Support and Resistance Supply and Demand Candlestick Analysis EURAUD euraudsell euraudshort priceaction priceactiontrading Hanging Man retest-structure zones
3
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supportandresistance supplyanddemand candlestick euraud euraudsell euraudshort priceaction priceactiontrading hangingman retest-structure zones
Price previously broken above the marked yellow resistance area and go up for 160 pips.
In my opinion we haven't see any retest to this resistance as a support and we might see one soon.

There is going to be RBA meeting soon and it might follow it neighborhood RBNZ stance which send NZD gone up.

Notice also the previous daily candle close looks like hanging man candle indicating sellers could be in control soon.

Sell EURAUD 1.5790
Stop loss 1.5840
Take profit 1.5665 (2.5R)

Use only 1-2% risk
Good luck
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