EURAUD is testing short term resistance area where I see the scope for a reversal - since momentum on bigger picture is quite weaker and price action itself struggling here, i have shorted few units here so keep watching this market yourself as well.
EURAUD HAS NOW BROKEN THE SUPPORT LINE
AND AS I HAVE ANALYSED WE ARE NOW EXPECTING
THIS TO GO DOWN.
GO TO LOWER TIME FRAME AND CHECK IF A FLAG
IS FORMING. BUT THE REVERSAL AND THEN SELL
DOWN. WELL THAT IS IS YOU ARE SURE OF WHAT
YOU ARE DOING.
SUPPORT THE MOVEMENT WITH YOUR LIKES,
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EURAUD is formed a double top on the daily chart over the past few weeks. Trends will often continue until a specific event take place or when buyers step in at significant levels; I don't see buyers stepping in within the next few days. I am noticing price has not closed below the long term trend that you can see on the chart. In fact, it appears to be bouncing...