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aslamhammad
Jul 9, 2015 4:57 AM

EUR/AUD Daily view Short

Euro Fx/Australian DollarFXCM

Description

Temp short upto 1.4650, as a double top formed in smaller time frame==h1 around 1.4950, so now the neckline of that double top is going to be around 1.4800, once price closes below it, price can go down, upto 1.4650...150pip correction drop.....Later will see if price finds support again above 1.4700, than will think to go long again....Targeting the 1.5200 area....Overall the major trend line is up....But as price is currently consolidation mode..So, better option would wait to see if it holds above 1.4650, than we can go Long again upto 1.5200
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