EURAUD - Short
As you can see, if it touches the 38.20 and bounces back then this is a very good selling opportunity. Also if you look at the 38.20, i have put down a purple line right on it to show the support/resistance in the past. This also shows a strong indication that it could bounce off the 38.20 resistance line.
Note
I have put my SL 20 pips up from EntryNote
Ignore that comment (written on the wrong graph)Note
It has hit the 38.2 Line which indicates that this is about to start heading downNote
It has Hit Take Profit
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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.