[EURAUD, 1/17/2019] Bears are still in control
Updated
In H4 chart, the downward channel so far is still valid. With the price is currently re-testing yesterday's resistance by the trend line and MA 200, I can see these resistance indicators are working well.
Even though H1 and H4 show bullish MACD , I personally believe the bullish pull-back has just finished as the last H4 bullish divergence in Jan 13th also pulled back for about 100 pips and then continued downward.
Therefore, I opened sell near the 1.59000 resistance. Stop loss is slightly above yesterday's high.
Even though H1 and H4 show bullish MACD , I personally believe the bullish pull-back has just finished as the last H4 bullish divergence in Jan 13th also pulled back for about 100 pips and then continued downward.
Therefore, I opened sell near the 1.59000 resistance. Stop loss is slightly above yesterday's high.
Comment
Moved SL to entry.Trade closed manually
Closed with profit before the price boosted up. It appears that bulls are taking control, especially AUD is weak.Downward channel seems to be broken as well.Related publications
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