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ForexScientist

EURAUD Short: More AUD strength coming

Long
Euro / Australian Dollar (OANDA:EURAUD)  
ForexScientist Updated   
OANDA:EURAUD   Euro / Australian Dollar
Trend Analysis Supply and Demand
1
0
trendanalysis supplyanddemand
Looking at the price structure, the AUD seems to be the stronger than EUR at current levels. The upward momentum line stalled and now broken. The SZ shown in the box managed to break a support level, would be nice to get a short from there. If that doesn't work, the other SZ above it should.

Trade with care.
Zack
Comment:
First short stopped out. We are in a weekly SZ, so holding my second short for now. That dip paved the way for further down movement.
Comment:
Still holding one short from the top zone.
Comment:
the second short well into profit now
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