Short the EURAUD when support turns resistance Short

Euro Fx/Australian DollarFXCM

Description

⋅ Oct 17, 2020 4:15 AM

Strong daily area of resistance has been reached, we can therefore anticipate a rejection on this zone even when going down to the H4 time frame.

As confirmation, we will wait for the rejection at resistance and a retest of the resistance on the H4 before we plot our entry to the down side.

Good luck.

Chart Patterns Technical Indicators

Comments

VasilyTrader

⋅ Oct 17, 2020 11:11 PM

Very helpful! Thanks a lot!
What do you think about my analysis:

Kani_forex

⋅ Oct 18, 2020 8:39 AM

@VasilyPonomarev, Keep me posted on the progress on your idea please. We can learn from each other.

InkyGrip

⋅ Oct 17, 2020 10:07 AM

Great chart! 🦐👍🏻

Kani_forex

⋅ Oct 18, 2020 8:40 AM

@plancton0618, Thank mate, keep them clean as possible, but follow the higher time frames always. :-)

InkyGrip

⋅ Oct 18, 2020 9:21 AM

@Kani_forex, me too 🦐

Kani_forex

⋅ Oct 20, 2020 3:41 AM

@plancton0618, So far, you setup is correct. Nice one.