Get started
legacyliked

EURAUD Daily Short! Where R Buyers (if any)? Price -Action POV.

Short
Euro / Australian Dollar (FX:EURAUD)  
legacyliked  
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Beyond Technical Analysis EURAUD euraudanalysis euraudshort euraudtrade euraudidea eurauddaily
1
0
trendanalysis beyondta euraud euraudanalysis euraudshort euraudtrade euraudidea eurauddaily
Aug 20 saw PEAK of price at Major Resistance 1.64301. Breach of this price would've created path to targets 1.70152 | 1.73186.

Also, price peaked AFTER completing THREE Major Targets: 1.63591 |1.63467 | 1.61714; all in line with previous Buy-zones.

What happens when Targets are reached? A SELLOFF ENTAILS.

Note: Idea is to complement your research.

Check comments section for future updates on idea.

Like this idea? Like, Share, Comment, Follow, (...)

Thank you, Happy Trading.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.