BMTRADING

EURAUD SHORT ANALYSIS 8HR CHART

Short
FX_IDC:EURAUD   Euro / Australian Dollar
EURAUD SHORT ANALYSIS
-----------------------------------------------------------

- EA is getting rejected around 1.49 resistance and should

be coming down lower: lower highs with top bad channel respect.

Going short with 1.44 target and a 1.49 stop. 8hr inside bar looks

to be forming soon. If we do get stopped, we should be testing

1.50 and 1.52 structure highs
-----------------------------------------------------------------

ENTRY: 1.48192

STOP LOSS: 1.49720

TARGET: 1.44984
---------------------------------------------------------------------
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.