piphunters
Short

EURAUD: SELL SETUP (BREAKOUT)

FX:EURAUD   Euro / Australian Dollar
EURAUD             is consolidating on the daily chart and developing bearish divergence with a breakout looking imminent, I am expecting a breakout to the down side to sell the pair with an initial target of around 400 pips.
Comment: we are on the way...
Comment: correction ended a bit short of target in the 50% retracement level
whoo..no..trends,seasonality,corr, deviation levels. ..I'll take the upside 400
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Var9999 Var9999
EURAUD-that is
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Looks like the best level to sell this setup is right now! Of course, this would be anticipating the breakout, with no confirmation. But still, the best level.
+1 Reply
piphunters Piet.Hein
part of the reason why I believe this pair will go down is I am expecting AUD to strengthen.
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Hi, thank you for this analysis, what if the price go long on EUR/AUD, what will be aproximatively its limit this week ? Respect :)
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piphunters massziri
well 400-500 pips possible.
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massziri piphunters
Thank you man :)
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piphunters massziri
you are welcome
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I have an eye on this one too :)
+1 Reply
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