maccabean
Short

Strong Sell on EUR/AUD. Please see description for explanation.

FX:EURAUD   Euro / Australian Dollar
243 3 5
1. MACD is showing downwards momentum increasing and decreasing upwards momentum. Histogram showing move into bearish territory.
2. CCI is showing price moving into sell signal with conviction.
3. Bollinger band is tight showing break down or up possible in the near future.
4. End of head and shoulders pattern.
5. 20 day Moving Average starting to fall with price moving below the line. Potentially the start of trend downwards.
6. Australian dollar             benefiting from capital flight from China and comparatively higher interest rates. Risk appetite increasing as well.
4/7
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Any input on targets and stops? Thank you
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maccabean JoeAnshel
I believe there will be a correction, psychologically and technicall at about 1.5.
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