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NDOBObanks

EURAUD SHORT

Short
Euro / Australian Dollar (EASYMARKETS:EURAUD)  
NDOBObanks Updated   
EASYMARKETS:EURAUD   Euro / Australian Dollar
Support and Resistance Trend Lines Head and Shoulders priceactionanalysis euraudshort euraudanalysis euraudsell head_and_shoulder
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supportandresistance trendline headandshoulders priceactionanalysis euraudshort euraudanalysis euraudsell head_and_shoulder
Price has been moving bullish for serval day. The bullish move seems have reached its peak and the price action shows a potential exhaustion.
We have spotted 3 potential confluence which are inline with our idea of shorting the pair.
The risk reward of this trade is around 3.9:1.
Comment:
Trade has reached half way mark and we still holding.
Comment:
Trade has reached the 60% reached and currently stands at 2:1 RR.
We will be monitoring price movements closely and decide when to close.
Trade closed: target reached
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