Prabhu.Ram
Short

Possible DRPO BUY but SELL on thrust

FX:EURAUD   Euro Fx/Australian Dollar
47 0 0
Hello traders!
I know it is time that this pair looks for return to the push to the upside but currently on the daily time frame, the trend is still strongly bearish and though there was a nice upside move yesterday, it could not break above the Weekly Pivot point and I am going short on this based on this.
The bottom will have to be at least retested even if not broken for further downside.
So, You can enter short below today's lows at around 1.4455 with S/L above the recent highs around 1.4520.
Target is the recent lows at 1.4360.
the volatility average on this pair is at 150.
I would expect this trade to be completed by tomorrow morning session.
So, Happy trading and happy pippin!
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