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Cmasterza

Major resistance prevails

Short
Euro / Australian Dollar (FX:EURAUD)  
Cmasterza  
FX:EURAUD   Euro / Australian Dollar
Support and Resistance Candlestick Analysis EURAUD euraudtrade euraudanalysis priceactipon sellsetup profitfx profitfxza learntotrade learntotradethemarket
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supportandresistance candlestick euraud euraudtrade euraudanalysis priceactipon sellsetup profitfx profitfxza learntotrade learntotradethemarket
# Resistance was respected
# Bearish engulfing pattern completed
# RSI recovering from oversold conditions

Shorting at market price 1.62732 with

# SL above bearish engulfing @ 1.64194 and
# TP lower down @ 1.57542


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As usual don't bet the farm. Good risk management won't kill you but the lack thereof could!
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