EURAUD looks very promising for a sell on the daily time frame! On a side note i must add then in about 5 hours now we have the aud interest rate decission, so getting in early can be risky! I get in with a decent position and am able to add more in case it drops on the news
Stoch Rsi shows a nice bearish cross over and at the adx you can see red line sharp bend up and green line a sharp bend down which is a trend reversal sign.
Currently its trying to break the lower range and also soon the 14 EMA. Given by the long up run the previous weeks a correction down is very likely. I can definitely see the price go down towards the 72 EMA.
Take profit: 1.46
I dont use a stop loss on this trade. Theoretically my account can handle it till 1,1560 so enough room to add more in case it goes down on the news tonight.
Stoch Rsi shows a nice bearish cross over and at the adx you can see red line sharp bend up and green line a sharp bend down which is a trend reversal sign.
Currently its trying to break the lower range and also soon the 14 EMA. Given by the long up run the previous weeks a correction down is very likely. I can definitely see the price go down towards the 72 EMA.
Take profit: 1.46
I dont use a stop loss on this trade. Theoretically my account can handle it till 1,1560 so enough room to add more in case it goes down on the news tonight.
Trade active:
added 2nd position
Trade closed: target reached:
nice pips :D