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Technician
Jan 11, 2014 10:21 PM

EURAUD Medium Term Short Setup(1) Short

Euro Fx/Australian DollarFXCM

Description

Update: this is disappointing, as price hit target without triggering entry. I cancelled the trade.

Price retested double top neckline and probably heading lower, first downside target for this trade at previous broken high around 1.5030. If we get a break below that level that may extend the downside significantly and thus downside target will be more extreme, below 1.4600.

Comments
Technician
This is disappointing, as price hit target without triggering entry. I cancelled the trade.
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