EURAUD - Short opportunity if you like it quick!
Hi
I have made out a nice setup on the hourly timeframe. Again, I am using a very simple price action and market structure approach.
The way I see it is that if we can get an hourly close below the current support level the structure shifts back into a bearish pattern - which is in confluence with the overall trend.
If this is the case I see my odds increasing for a continuation to the downside. Watching price action is crucial.
Let me know what you think in the comments below. Good luck!
I have made out a nice setup on the hourly timeframe. Again, I am using a very simple price action and market structure approach.
The way I see it is that if we can get an hourly close below the current support level the structure shifts back into a bearish pattern - which is in confluence with the overall trend.
If this is the case I see my odds increasing for a continuation to the downside. Watching price action is crucial.
Let me know what you think in the comments below. Good luck!