AnriErikanov
Short

A decent SETUP TO SHORT EURAUD

FX:EURAUD   Euro Fx/Australian Dollar
11 0 0
Here is why EURAUD             could be potentially a very good trade

TECHNICALS :

I was waiting on this pair to break out of the tight rage previous week and decided to enter at the level when It held support now it becomes resistant and also formed a wedge pattern on the 15 min chart.

Price could eventually find support at the fibonacci .618 retracement It's not a major level that has hold before but it has held for at least once and is also the same lenght of the price that dropped and got into the consolidation.




Economic events ,

2 major events

GDP forecasting a growth of 0.3 percent with a slower growth short term.
Employent change increases.


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