the TP & SL are shown on the chart as the green ray and red ray respectively
We have a new lower low and the strong support is broken and is now strong resistance. I will be looking for bearish evidence in that area to follow the trend and go short! Like if you agree, support and follow please!
PRICE TOUCHED FOR THE 3RD TIME THE 1.48840 LEVEL. IF PRICE FALLS, ENTER TRADE AT 1.48748. STOP LOSS SHOULD BE ABOVE 1.48940. PROFIT TARGET IS 1.47119. WAIT FOR THE BREAKOUT FROM THE TREND LINE.
EURAUD - Broken Trendline - 3 Take Profit Targets
I failed earlier shorting this pair on a lower time frame, but i cant help it but take the trade again. This time with a broken trend line in daily time frame + MACD crossover ratio is pretty good, so if turns out a losing trade, not much is lost.
EURAUD broke the trend line, consolidated a bit, a small pull down, and now its trapped in a channel. am expecting the channel to break and head down to our TP. this is a risky trade, am opening a small position and so should you. - Great ratio - Broken trendline - MACD divergence
We have had our Double top and impulse leg down if we see a retracement to the 618 I feel that pervious support could act as ressitance and see a move to the downside