EURAUD continues to fail to break below the key quarterly lows suggesting we could see a bounce back
towards the key lows at 1.5900. Typically, when we see this 'tennis ball' effect, where the market tests
the market lows multiple times in a short time, we see a rejection. We could look to long this market
with stops below the key daily lows.
Symbol: EUR.AUD - Euro / Australian Dollar
Predicted Direction: Short
EUR.AUD - Euro / Australian Dollar updates will be available in the comments section below as price-action develops.
Triangle breakout along with structure. A pullback to retest broken support as new resistance along with the lower trendline could then give price more momentum to make a new low, as price has been ranging for some time now.
Chart time frame - H4
Timeframe 1-2 Days
Actions on -
A – Activating Event
Market will meet resistance in zone @1.586 - .... and fall to the 1.576. In order to enter, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market move towards the first Target 1 level @ 1.576
Signal ID: 64701
Time Issued: Wednesday, 03 April 2019 15:00:16 GMT
Entry: 1.57521 - 1.57958
Stop Loss: 1.58614
The Tidal Shift Strategy has just sold EURAUD at 1.5774. The system recommends entering this trade at any price between 1.57521 and 1.57958. The signal was issued because our Speculative Sentiment Index has hit its most extreme...