EUR/AUD potential trend reversal

FX:EURAUD   Euro / Australian Dollar
89 0 5
We're looking at EUR/AUD             for a potential for a significant trend reversal. The overall price structure seems to imply that another bearish impulse may be on the way. We'd like to see a break of the recent lows, coupled with a break of the kijun sen to the downside. This will trigger a short position for us, with a stop around the 50% retrace of the recent big selling candle. Our plan with this trade is to follow price action and momentum, and to see how the pair does when it enters the cloud. If the selling power is unconvincing we will try to find suitable exits from our position, given the trading idea is one of significant impulsive bearishness which ought to be backed by momentum. This kind of trade is of course very risky, and so it is advisable to think about taking a smaller lot size than your usual, or scaling in to the position in some manner.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out