As we can notice from the setup the price is braked the B level of the Shark pattern testing the trend line in very strong support area
Braking and closing below that area will confirm the shorting setup
Euraud trading around 1.4215 level where its Strong resistance seems above 1.4350 as its holding below
we can see a low toward 1.38-1.39 level a little
support level seems around 1.4130 if that breaks
next station is 1.38-1.39
Advice to sell pair in range of 1.4215-1.4350
SL above 1.4450 TP 1.39
EURAUD has been trading in down trend and it gradually forming a falling wedge pattern which signs a bullish signal after the breakout, the pair is approaching the wedge resistance 1.43838, it seems it may further trade down and will trade towards the wedge support after touching the resistance, traders may enter short at 1.43800-38, with 10 pip stop loss above...
Sell zona
Study:
Price touch R1 ( Resistance) two times
Tw Down
Tdi Down
Zona de venta
Estudio:
El precio todo R1 ( Resistencia) dos veces
tw ( Twisted) vendedor
tdi ( vendedor)
Euraud Trading around 1.4185 level where its Formed Daily bearish pin bar and also Strong Resistance above 1.43 level
so advice to sell in range of 1.4185-1.4280 sl above 1.44 TP1 1.40 TP2 1.38
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!
