EURAUD Waiting for downside confirmation | 13 April 2020
Hey price is reaching our downside confirmation at 1.7137 which happens to be a key horizontal overlap support and near 76.4% fibonacci retracement. Trendline and EMA(34) is indicating further bearishness while short-term indicators including MACD and Parabolic Sars are showing potential bounce. I am waiting for price to break below my entry to trigger bigger drop.
entry 1.7137
sl 1.7508
tp 1.65937
entry 1.7137
sl 1.7508
tp 1.65937
Trade active
hey price broke below our downside confirmation, we are in the trade now! let's have faith in it
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Follow and Trade this analysis from your Charts. FXCM now Integrated with TradingView. Contact FXCM for more information.
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.