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TheTradersAvenue
Jan 10, 2023 12:08 PM

EURAUD > Simple Reversal Sell Idea!! Short

Euro Fx/Australian DollarFXCM

Description

Analysis of #EURAUD

Hi traders, today we will have a look at #EURAUD


looking at this market as you can see we have the market near a strong structure resistance level and key market level at 1.5600.

right now I am not doing anything I set my alert and I am just waiting for the market to provide a reason to get in, such as a reversal pattern like a double top perhaps a bearish candle formation

target will be Fibonacci 38, simple as that just keep an eye on this maybe it comes maybe it won't, and just pay attention to the news, I think the market will not move substantially, and until we get the CPI report


I hope you guys found this helpful, if you are new here click on follow, to get these ideas delivered straight to your email inbox, I will see you guys at the next one

Thanks for your continued support!

Trade closed: target reached

Comments
ProjectSyndicate
awesome overview and write-up thank you
TheTradersAvenue
@ProjectSyndicate, I appreciate it. Thanks
Mihai_Iacob
Great outlook on EURAUD as always!
TheTradersAvenue
@Mihai_Iacob, thank you
BKTradingAcademy
I agree here! Great analysis!
Leo-btm
nice idea mate
Solldy
Good design and analysis, but the idea does not match my risk management. Have a good trade!
CryptoCheck-
Agree, also short here. Thanks!
FOREXN1
Bravo same view here !
tradingofficial
it's working well.
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