short euraud from the monthly supply !
great potential short ...from the supply area since 2016 ...weekly also formed a nice downward indication...
looking for a first tp of 1.5600
stops advised at 1.6200
trade is active now .....aud news this week should not effect .....downward pressure expected on the euro
will update as this plays out.
looking for a first tp of 1.5600
stops advised at 1.6200
trade is active now .....aud news this week should not effect .....downward pressure expected on the euro
will update as this plays out.
Note
starting to move nicely ..after re testing the break.....lookout for forward guidance from the rba tomorrow ...but this looks like its ready nowNote
nice move now ..need a close below 1.6000 today for a sharp move down.....data at 10 so keep stops where they are just in caseNote
got that close and a nice move to the low 5900...looking for a break and close below that level now
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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.