Dear traders,
Here is a new SHORT signal on EURAUD :
Entry : 1.48074
SL : 1.50001
TP1 : 1.45811
TP2 : 1.43988
TP3 : 1.42614
Reasons for this short :On daily, we have a clean and violent breakout to the downside with still more room to continue this way. RSI50, PAC and MA are all broken. On monthly I pointed out some usual topping pattern that should indicate that at least some consolidation to the lower band could occur. Finally, only the oversold 4H TF could link to a pullback. As always with my strategy, pullback are not needed to confirm a trend.
Trade with your own diligence,
GL HF
Here is a new SHORT signal on EURAUD :
Entry : 1.48074
SL : 1.50001
TP1 : 1.45811
TP2 : 1.43988
TP3 : 1.42614
Reasons for this short :On daily, we have a clean and violent breakout to the downside with still more room to continue this way. RSI50, PAC and MA are all broken. On monthly I pointed out some usual topping pattern that should indicate that at least some consolidation to the lower band could occur. Finally, only the oversold 4H TF could link to a pullback. As always with my strategy, pullback are not needed to confirm a trend.
Trade with your own diligence,
GL HF
Trade closed: stop reached:
Ouch! SL hit. False breakout...