Winner-Trader
Short

EUR/AUD Bearish Plan

FX:EURAUD   Euro / Australian Dollar
Breaking long-term blue trend-line on daily chart brings sellers attention.

However because of the two days ago pin bar , there are lots of sell position !

These sell positions must be kicked out of the market before heading downward.

So, stops will be triggered if price goes above the the pin-bar, then most of the retailers will be dropped out of the market before falling, seems acceptable, doesn't it ?!

Then after touching the BLUE trend-line the large sell positions will be triggered, this is the correct time for selling.

Likely if the price touches the BLUE trend-line ( this is the lower band of long-term bullish daily channel ) and at the same time touching RED DASH trend-line ( this is the upper band of short-term bearish daily channel ) , then we expect to have a bearish market.

However not always market moves in our favour, so the stop loss can be closing price above blue dash line, or ultimate dynamic stop loss would be closing above thick RED LINE which has been marked on the chart.

Good luck and wish you all green pips
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out