Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.6688). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . EURAUD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60.
Im Forecastcity subscriber. On your Web Site yesterday under "day trading opprtunities " you recommended a LONG , about the same time when you posted SHORT " big profit roadmap' here. Why dont you inform your paid subscribers about " big profit opprtunuties " ?
ForecastCity
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@fxhu, Thank you for your comment.
They are some how different because here time frame H4 is used. How ever it has the same direction with weekly forecast and Trend hunter strategy.
The DTO (daily trading opportunity) that published on the website (forecastcity.com) is used in the simple trend hunter strategy.
To read more about trend hunter strategy please visit the page: forecastcity.com/en/trend-hunter And according to the weekly forecast of EURAUD the Beginning Of Downtrend is expected which is the same as this post.
fali4209
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Nice idea I entered long waiting to short when or if it retraces