EUR/AUD, DAY CHART, SHORT (11-DEC-2016)
Updated
Note:
EUR/AUD breaks the Descending Triangle Pattern.
Further downward movement is expected!
Recently, we see a consolidation after the breakout.
If the price able to break the consolidation support line
at 1.417x area.
Here are 2 ways to trade:
1. Short it directly after the breakout with
smaller lot size.
2. After breakout, wait for pullback to the
support zone and another bullish signal to
short. Can trade with righ lot size :)
Caution on the AUD employment data on Thursday.
Fundamentally, EUR is still on the downside.
EUR/AUD breaks the Descending Triangle Pattern.
Further downward movement is expected!
Recently, we see a consolidation after the breakout.
If the price able to break the consolidation support line
at 1.417x area.
Here are 2 ways to trade:
1. Short it directly after the breakout with
smaller lot size.
2. After breakout, wait for pullback to the
support zone and another bullish signal to
short. Can trade with righ lot size :)
Caution on the AUD employment data on Thursday.
Fundamentally, EUR is still on the downside.
Trade active
Zoom into H4 Chart, it formed a Swing Setup.We entered after Pullback touched the 20-EMA and bearish signal bars appeared!
EP: 1.41284
SL: 1.44345
TP: 1.38101
Trade closed manually
We decided to close this trade early as we don't want to carry trade over the weekend.We are still bearish on this trade and will look for opportunity to short again :)
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