TradingView
Rocketman
Sep 14, 2022 2:13 PM

EURAUD: Short the Butterfly/Trade the Shock Short

Euro Fx/Australian DollarFXCM

Description

Fundamentals:
Natural gas and energy prices will continue to shock the markets for the winter. Euro's trade balance is out of whack. I believe that shorting EURAUD matches this view.


Technicals:
Clear downtrend
downward trendlines
Scott Carney's butterfly pattern (hopefully, it is a correct....)
Bearish Cloud
Tested the Resistance Band
Under the 200 ema
Rejection candles at resistance
More