EURAUD - Short Waiting.
Updated
Markets been overbought for the last couple weeks breaking resistance consistently,
We're waiting for a significant change in price to occur and for order flow to support the sell,
Patiently waiting for the market to correct itself in some sufficient bearish pressure.
We're waiting for a significant change in price to occur and for order flow to support the sell,
Patiently waiting for the market to correct itself in some sufficient bearish pressure.
Trade active
The daily candlestick closed as a pinbar, we can collect a earlier entry of 1.62841 and a stop loss of 1.63600. By using rule of thumb when trading off our pinbar, 2.5 x risk gives us a 187 pip profit margin. Expecting to take profit around the 1.61 area.Trade active
Short is now live ready for full action, Entries in at 1.63128, 1.62800 and 1.62000 Riding it right down to 1.61 area or our weekly target of 1.59 area.
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