MEX_Exchange
Short

EURAUD Reversed Nicely Off Its Resistance

FX:EURAUD   Euro / Australian Dollar
Sell below 1.6032. Stop loss 1.6068. Take profit at 1.5960.
Reason for the trading strategy (technically):
EURAUD reversed nicely off its resistance at 1.6032 (61.8% Fibonacci retracement , 100% Fibonacci extension ) where we expect to see a further drop to its support at 1.5960 (61.8% Fibonacci extension , 38.2% Fibonacci retracement , horizontal pullback support). We do have to be cautious of the intermediate support at 1.5986 (23.6% Fibonacci retracement , horizontal overlap support).
Stochastic (89, 5, 3) reversed off its resistance at 97% where a corresponding drop is expected.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out