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Feb 13, 2018 6:37 PM

EURAUD 4H Triple Top Pattern Short

Euro Fx/Australian DollarFXCM

Description

Price tried to breakout of double top resistance and make higher highs. Breakout failed and is creating a bearish candle pattern.
Sell Stops are listed
Take Profit is listed
Macd is currently in a buy position being above the 0 level line.
Bullish Continuation Trend failed
Possibly will make Macd fall below 0 level line
Macd will be my stop loss if below 0 level line
If Macd goes above 0 level close out sell trades
If Macd is below 0 level confirmation of sell trades.

Comment

Pair made a fourth attempt to breakout top resistance level and failed.

Comment

New E/A 4H Trade Setup
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