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Fxprotrader
Jan 10, 2017 9:53 AM

EURAUD Sell Opportunity in Two Scenarios Short

EUR/AUDOANDA

Description

Price has bounced from a slide parallel of a downsloping median line, a long term resistance level, and is now looks like it's in a correction. Watch for a breakout below the corrective structure and go short. We might also see price reaching the median line (green line) of the pitchfork, while in correction. In this case watch for a sell setup at the median. Overall my view in this market is bearish.

Resistance Slide Parallel:
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