EURAUD, daily tf, hanging man candle appears
Price previously broken above the marked yellow resistance area and go up for 160 pips.
In my opinion we haven't see any retest to this resistance as a support and we might see one soon.
There is going to be RBA meeting soon and it might follow it neighborhood RBNZ stance which send NZD gone up.
Notice also the previous daily candle close looks like hanging man candle indicating sellers could be in control soon.
Sell EURAUD 1.5790
Stop loss 1.5840
Take profit 1.5665 (2.5R)
Use only 1-2% risk
Good luck
In my opinion we haven't see any retest to this resistance as a support and we might see one soon.
There is going to be RBA meeting soon and it might follow it neighborhood RBNZ stance which send NZD gone up.
Notice also the previous daily candle close looks like hanging man candle indicating sellers could be in control soon.
Sell EURAUD 1.5790
Stop loss 1.5840
Take profit 1.5665 (2.5R)
Use only 1-2% risk
Good luck
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