Same set up as our EURAUD. We can see that on the RSI price had been trending up, it broke out and the RSI is now about to re-test the trend line. Price is approaching a strong resistance area, expect to see a reversal candle, this will give up our sell signal.
Trade active
Daily candle is showing a good sign of a potential reversal, selling this pair at the bottom of yesterdays lows.Note
Note
About 110+ pips from the entry point, EURAUD idea has also caught 100+ pips so far. Make sure to place SL to break even for a risk free trade.Trade closed: target reached
tp1 reached
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Related publications
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.