EURAUD short opportunity
PAIR IN FOCUS: EURAUD
ACTION: SHORT
After waiting for a month, we now have a signal for a short trade. Price has printed a bearish engulfing candle on the weekly charting, and price has broken recent swing lows on Daily and H4 charting as well. Any dovish action by the ECB will aid the bears in pushing down the price to the TP Zone.
Looking for a retrace in price to provide a better R:R for this trade, otherwise, it will just be a short till the TP Zone.
Observe lower time frames for a better trade entry.
ACTION: SHORT
After waiting for a month, we now have a signal for a short trade. Price has printed a bearish engulfing candle on the weekly charting, and price has broken recent swing lows on Daily and H4 charting as well. Any dovish action by the ECB will aid the bears in pushing down the price to the TP Zone.
Looking for a retrace in price to provide a better R:R for this trade, otherwise, it will just be a short till the TP Zone.
Observe lower time frames for a better trade entry.
Trade closed: target reached
Price dipped straight right into the TP Zone
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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.