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Euro / Australian Dollar
Short

Short the EURAUD - the dropping stone pattern (My own theory)

90
EURAUD

First - look at the structure we have been having on the daily chart

snapshot

The down-trend is on the weekly, the daily and the 4 hour chart!

There is a confluence between left structure highs and the 1.618 fib!

I will seek reversal candle to entry at the retest of 50% or 61% with stops as high as 80%

Will see if the gap wont ruin this trade though :P
pavel1503
Chart PatternsdroppingstoneEURAUDeuraudshortTrend Analysis

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.
Chart PatternsdroppingstoneEURAUDeuraudshortTrend Analysis
pavel1503

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.