Kani_forex

Short the EURAUD when support turns resistance

Short
FX:EURAUD   Euro / Australian Dollar
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.

Comments

Very helpful! Thanks a lot!
What do you think about my analysis:
Reply
Kani_forex VasilyPonomarev
@VasilyPonomarev, Keep me posted on the progress on your idea please. We can learn from each other.
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Great chart! 🦐👍🏻
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Kani_forex plancton0618
@plancton0618, Thank mate, keep them clean as possible, but follow the higher time frames always. :-)
+1 Reply
plancton0618 Kani_forex
@Kani_forex, me too 🦐
Reply
Kani_forex plancton0618
@plancton0618, So far, you setup is correct. Nice one.
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