Get started

Euraudbreakout

EURAUD daily breakdownEURAUD has finally broken the range and made a spike to the upside. The market looks overextended to the upside and we can look for a short anytime soon. Remember that EURAUD can continue even higher. But the market has a very high probability of testing the strong daily resistance and making it support level before continuing higher. Also, the daily support will be 0.618 fibo retracement if the market stops creating high from here. Now, to look for a short we have to see 4H turn bearish, and if the market goes and tests the 0.618 fibo the market will create a higher high. So, we can look for a long later.
Short
by rafi_trader21