A Sell-Short Setup EUR AUD
Updated
https://www.tradingview.com/x/cCSvZYa5/
This is currently retracing on Fib levels.
Price recently broke a very key trend line.
It is also a Head N Shoulders pattern on 60m.
Idea for educational purposes is to Short 1.6458 - 1.6468
Stop Loss: 165.05
This is currently retracing on Fib levels.
Price recently broke a very key trend line.
It is also a Head N Shoulders pattern on 60m.
Idea for educational purposes is to Short 1.6458 - 1.6468
Stop Loss: 165.05
Trade active
Short sell EUR AUD from 1.6458 to 1.6468
SL: 165.05
TP: to be announced,.
Note
EUR AUD is already in a downtrend on the 15m chart so the trade has the momentum to TAKE PROFIT @ 1.6360Note
My bad....these pattern don't normally retrace on fib levels.
Sell at current levels 164.40-164.50
Better SL is 1.6481
TP 1.6360
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