EURAUD Potential Short Signal

FX:EURAUD   Euro / Australian Dollar
While EURUAD             appears to be moving sideways, it has actually been extremely bearish over the past few months and this can be seen in the image below:

With that being said, we are looking to ride this downward moving momentum and take a short position on a break below and close below of the supporting trend-line marked in blue. As always, we would like to see confluence from our proprietary price action forecasting algorithm with a prediction of a move to the downside and a forecasting accuracy percentage of at least 85%. In addition, we would like to see retail sentiment move to +1.50% as we currently are sitting at 1.10%. If these three conditions come together we will see a very high probably set up to take a short position on this pair so make sure you are following to receive updates on this potential signal.

Our algorithm is currently predicting continued movement above the supporting trend-line with a forecast accuracy percentage of 76%, as seen in the image linked below, but our algorithm will update the forecast every hour on the hour and we will update you guys if we take this trade. So make sure you are following for updates!

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Comment: Updated 4/4/16 @ 7:35 PM EST:
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