EURAUD SHORT
Hello ,
Just sold Euro aussie , EURAUD seems SHORT to me because price is being pushed down after 9/21MA cross in 4 hour chart and in daily it has crossed 20 MA BB towards downside and heading towards 50MA ,price action is moving in downward channel in 4hr , rejected from 1.6050 level again after attempted breakout ..
I would be trailing this trade with 50 pips SL since daily 50MA may provide some support and price may bounce back, overall bias seems downside 1.58 area.
Just sold Euro aussie , EURAUD seems SHORT to me because price is being pushed down after 9/21MA cross in 4 hour chart and in daily it has crossed 20 MA BB towards downside and heading towards 50MA ,price action is moving in downward channel in 4hr , rejected from 1.6050 level again after attempted breakout ..
I would be trailing this trade with 50 pips SL since daily 50MA may provide some support and price may bounce back, overall bias seems downside 1.58 area.
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