TradingView
Lm7ee
May 22, 2019 5:39 AM

EURAUD 1.6350 MAJOR RESISTANCE Short

Euro Fx/Australian DollarFXCM

Description

Once price reaches 1.6350 I will be keeping an eye out on price action and I will be looking for Daily/4HR reversal patterns to form before going short or a break of the Counter-Trendline. (First Target 1.60255, 2nd Target 1.57000)
|If we have a nice weekly break of the Uptrend, I will Hold onto dear life.|

-This setup will be invalidated if we have a Daily break above 1.6350 (we can look to go long if we get a retest (Targets for this will be 1.6550)







(If you're in Longs from my previous call my final target will be 1.6350, around 120 pips away)



More