VasilyPonomarev
Short

EURAUD Potential Trend Continuation

FX:EURAUD   Euro / Australian Dollar

potential trend continuation setup on EURAUD .
focus on 1.640 - 1.645 structure support .

IF bears break and close below this zone for us it is a good signal to short the market.
T1 - 1.625
T2 - 1.610


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This is a good idea. On the 4 Hour chart there is a H&S formed. So a break and close below the neckline of H&S would confirm bearish movement to about the 1.625 level, which is a Daily level of resistance tested multiple times in the past
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@knibbofx, yes! Good luck!
+2 Reply
share your analysis on EURAUD here
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