EURAUD - Short opportunity if you like it quick!
Hi
I have made out a nice setup on the hourly timeframe. Again, I am using a very simple price action and market structure approach.
The way I see it is that if we can get an hourly close below the current support level the structure shifts back into a bearish pattern - which is in confluence with the overall trend.
If this is the case I see my odds increasing for a continuation to the downside. Watching price action is crucial.
Let me know what you think in the comments below. Good luck!
I have made out a nice setup on the hourly timeframe. Again, I am using a very simple price action and market structure approach.
The way I see it is that if we can get an hourly close below the current support level the structure shifts back into a bearish pattern - which is in confluence with the overall trend.
If this is the case I see my odds increasing for a continuation to the downside. Watching price action is crucial.
Let me know what you think in the comments below. Good luck!
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.