SHORT EURAUD - Overview on Daily Timeframe - Short Opportunities

OANDA:EURAUD   Euro / Australian Dollar
Following our weekly timeframe overview (, this is the trade we are are looking at on the daily, at the moment.
Not much different to our weekly overview, on the daily timeframe we can however add that, within the ending diagonal , the pair has broken the previous top whilst strongly building up divergence.
We are therefore seeking for sell setups, on the smaller timeframes, that can enable us to get into short positions with the best possible Risk to Reward ratio, and at the highest possible point.

If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.

Thank you for viewing.

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