Currency Pair: EUR.AUD Time Frame: Weekly, Daily, 4hr & 1hr Predicted Direction: Short
EUR.AUD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
Comment
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Price has now broken structure support on the 4hr TF, I will now delve deeper into intraday price action to identify a trade opportunity.
I agree with your bearish view on EURAUD. Our trading signal idea is also of the same bias. We have found roughly resistance levels at 1.6266 which is also a horizontal swing high resistance and 61.8% fibonacci retracement.
Additionally, our stochastic is approaching resistance, which backs up our bias.
Glad to see that we have the same bias for EURAUD.
UnknownUnicorn180388
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@FXCM-EDU, Great chart, i hope the live position continues in your favour.
Have a good week.
Additionally, our stochastic is approaching resistance, which backs up our bias.
Glad to see that we have the same bias for EURAUD.