EURAUD Up trend fails to make new highs, possible short
On the daily/weekly EUR AUD Fails to create new highs and continue towards the uptrend channel. Double day reject at recent highs shows a bearish pressure at that level and can indicate a good support to a short trade
Price now trending below EMAS on 1H TF and After closing below EMAS and retesting them gives a high probability that a down move towards 200EMA on 4H TF is probable and around where i will locate my TP.
Entry level: 1.63478
TP: 16300
SL: 1.63850
Price now trending below EMAS on 1H TF and After closing below EMAS and retesting them gives a high probability that a down move towards 200EMA on 4H TF is probable and around where i will locate my TP.
TP: 16300
SL: 1.63850
Trade active
Trade closed: target reached:
TP HIT