FX:EURAUD   Euro / Australian Dollar

Current price action retesting broken triangle support line at 1.448 - 1.453
Macro favours a short position as well, as the RBA looks increasing likely to end its easing cycle, while the ECB mulls additional stimulus in its Dec meet.

Height of triangle : Approx. 1,700 pips
Trade Idea:
Short : 1.45-1.453
SL : 1.463
First TP target, 1.37-1.38 (1/2 of triangle, 850pips), also the 2014/2015 lows
2nd TP target, 1.27-1.28 (Full height of triangle breakdown)
Comment: Shifting SL to entry at 1.453
Comment: SL tripped during the US presidential day, which turn out to be a fakeout.
Position closed.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out