JGSmith123
Short

Slowly looking for a Sell on EURAUD - maybe end of this week

FX:EURAUD   Euro / Australian Dollar
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On the Daily time frame, the EURAUD is starting to look rather overbought. It has formed a very nice trendline on the 240 minute chart. Ideally, I would really like to see this get up to 1.6585 area before dropping, but I do not expect that to happen.

I am not shorting yet, but I am watching this pair closely for opportunities to sell.

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If you want to see my live trading account, you can go to the Darwinex website and search for BPX. There you can see it.
Any updates on this potential trade?
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@Kuch, Thanks for asking, I should have said something. I did take a small short trade on it after it broke the trendline and went for about 12 pips, or so. But, the real trade that I am waiting for is when it gets higher to the 1.6585 area.
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