Hi there , Today I took a trade shorting USDCAD and decide to trade another pair wich I found an oppurtunity to short EURAUD
EURAUD developed a rising wedge pattern and showing RSI Divergence indicating a weakness wich highly increases the probabilty to turnover and head down.
What I see Is this pair heading straight down or for a potential head and shoulders pattern wich is also bearish wich makes this a good setup to short
No major economic events that could cause volatility and change market direction
STOP : 1.57000
TARGET : 1.52000
EURAUD developed a rising wedge pattern and showing RSI Divergence indicating a weakness wich highly increases the probabilty to turnover and head down.
What I see Is this pair heading straight down or for a potential head and shoulders pattern wich is also bearish wich makes this a good setup to short
No major economic events that could cause volatility and change market direction
STOP : 1.57000
TARGET : 1.52000
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.