Downtrade continuation after retracement Short

Euro Fx/Australian DollarFXCM

Description

⋅ Apr 9, 2015 6:22 PM

EURAUD is oversold on the hourly chart after a very strong downtrend. Expecting price to retest the previous resistance level before continuing further to the downside. Stops above 1.4 price level which was another major support turned resistance level.

trendcontinuation euraudshort

Comments

AlistarElvis

⋅ Apr 19, 2015 8:46 PM

If only I had my stops a few pips above (how many times you heard this before?)

FXLookingbest

⋅ Apr 13, 2015 5:50 AM

it is triggered.

AlistarElvis

⋅ Apr 13, 2015 8:12 AM

Yeah, looking forward to see how this develops :-)

AlistarElvis

⋅ Apr 10, 2015 11:33 AM

EURAUD makes lower lows. Price moving strongly to the downside. I believe this trade will not be triggered.