weiloon940718
Short

STRONG RESISTANCE AT NEAR 1.56000

FX:EURAUD   Euro Fx/Australian Dollar
60 0 2
There is key resistance level at 1.56000 where there is high of 9-16 May 2016, resistance of downtrend line, and FIBO 61.8. The candle also tested this level for several times and this resistance level is still not broken. So, we could look for a sell opportunity at this level upon a reversal signal.

TRADE IDEA:
SELL AT LEVEL 1.56000
SL : 1.57000 OR WHEN THE BEARISH REVERSAL POINT IS BROKEN BY A STRONG CANDLE
TP1 : NEAR 1.52000
TP2 :NEAR 1.45000
Trade active:
snapshot

Tested 4 times but fails to break the key resistance, good sign of price falling...
Comment: After so many days of consolidation, it finally comes down after RBA kept its monetary policy steady. continue to hold this trade.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out