joabc95

Potential short

Short
OANDA:EURAUD   Euro / Australian Dollar
Waiting on 15 min MACD to give confirmation on Short trade
Seems to have a price reversal at the 0.382 Fibo retracement line
Price just crossed the pivot point (PP)
Bearish movement proposed to hit a target at just above the Support 1 pivot point (At least, evaluate again as price nears)
Candlestick pattern at the reversal looks to be in favor of a bearish reversal
Overall Bearish trend

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.