EUR / AUD - Correction after broke bullish trendline Short

Euro Fx/Australian DollarFXCM

Description

⋅ May 29, 2019 12:24 AM

EUR / AUD - Technically, the pair has broken its bullish trendline. The price failed to hold the breakout of a critical resistance on the red line.
We expect the pair to be bearish and move to the green support levels

- Support becomes resistance
- RSI divergence
- Broken bullish trendline

I love such entries because risk-reward is good.

GOOD LUCK and take entry according to your balance.

Please support our setups with your likes, comments and by following me on TradingView, thanks!