EURAUD Weekly Short opportunity
Note: This is only for Educational Purpose this is not Investment advice.
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Adil Khan.
I previously marked up this move ( i have attached it below) and price is currently respecting the analysis.
We saw price retrace sharply and fall pretty much straight after. Price is currently showing potential to keep moving bearish but we may see price test the price level i have marked as the entry and then price has potential to move to our target. Stop...
FX_IDC:EURAUD I am shorting EUR/AUD AT 1.63850, This can be seen from the 4hour chart the graph can't seem to break above the previous support which will lead me to sell this pair, and my target is illustrated on the chart get in, hop on, we go all the way down
FREE ANALYSIS ON EURAUD
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1 HOUR
EURAUD could make one more bullish run to around 1.66500. from then we should see more move to the downside.
From a weekly view, EURAUD is bullish and the bearish momentum we witnessed may be seen as a retracement of the weekly time frame.
Price is currently at a reversal level where we can potentially see price retrace to 1.61470 and from this point we may potentially see price move bullish to complete the move at 1.66422.
EURAUD reversed off its resistance at 1.63424 where it could potentially drop further to 1.62277.
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