EURAUD - TP and move to sideline. Heikin Ashi warning signal

FX:EURAUD   Euro / Australian Dollar
124 2 2
- On back of RBA rate decision (on hold) Price turned sharply down after testing Kumo, however since China Trade ballance was disappointing, AUD failed to strengthen further. Could not make a lower low
- Ichimoku setup is still bearish , but thie bearish bias is decreasing: no lower low in Price, Tenkan is still above Kijun Sen, both averages are flat
- Heikin Ashi gave a serious warning signal: inside candle yesterday, followed by inside and already green candle today! haDelta/SMA3 up from extreme low level

retest of Kijun Sen or the Kumo is possible again. Pull back tgt             1,41-1,42

- Ichimoku setup is still bearish , but DMI already shows weakness in the bearish momentum
- Heikin Ashi signal is bullish: green candle switch from Tenkan Sen + haDelta/SMA3 bullish cross above zero line.
- bearish support is ard             1,41

Scale back your EURAUD             shorts! If you consider to take a swing Long position, do it only with 0,5 trade unit with wider stop at 1,3800
good point, i still think its trending downwards strong but for the time being will move up due to buyers coming into the market.
Will have to see but
yes, there is some problem with the momentum of the trend in the last two days. According to the signals it is better to reduce short exposure a bit.
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