Oztrade

BEAR BAT BEAR CYPHER - EURAUD - 240M - D/T - 2618 Trade

FX:EURAUD   Euro / Australian Dollar
Hi All, we have a double top with RSI Divergence chance to get short - we could also see price continue upwards on this pair towards the Mad Monday Spike giving us an opportunity for a shorting position at AB=CD completion which puts us right inline with Previous Structure - however I have a feeling this might break that level exposing us to the next high which is the spike. If I was looking to enter a trade like this I would be more conservative and look for entry at the top side of the red box - which is almost exactly the 88.6% FIB. Happy Trading I will be watching to see how this plays out when we get to either levels.
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