theforexarmy

EURAUD Reversed Off Resistance, Prepare For Further Drop

Short
FX:EURAUD   Euro / Australian Dollar
Sell below 1.6168.
Stop loss at 1.6219.
Take profit at 1.6092.
Reason for the trading strategy (technically):
EURAUD reversed off its resistance at 1.6168(100% Fibonacci extension , 76.4% & 50% Fibonacci retracement , horizontal overlap resistance) where it is expected to drop further to its support at 1.6092(50% Fibonacci retracement , horizontal pullback support).
Stochastic (89, 5, 3) reversed off its resistance at 95% where a corresponding drop is expected.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out