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.