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ForecastCity
Mar 4, 2020 6:17 PM

Don't miss the great sell opportunity in EURAUD Short

Euro Fx/Australian DollarFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.6950). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURAUD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.

Take Profits:
TP1= @ 1.6615
TP2= @ 1.6400
TP3= @ 1.6085

SL: Break Above R2
Comments
Nursyakirin7
Its great to sell now?
ForecastCity
@Nursyakirin7, Please read the trading suggestion.
probir17
deep analysis and easily understanding.
ForecastCity
@probir17, Thanks. we hope you enjoy it.
sara-kian-fx
Thank You for sharing!
ForecastCity
@sara-kian, We hope you enjoyed it.
sara-kian-fx
I like your Ideas very easy to understand!
ForecastCity
@sara-kian, Thanks for your comment.
Best_Forecast
I truly feel like I am learning quite a lot from you! Thanks!
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