EURAUD FLAGOther pretty Flag to trade.
We can search two target , one in the first line and second in the second line.
Euraudsell
EURAUD 4 HR Bearish Flag FormationStill looking at a bearish move down futher towards the 1.48697 area
Shorting this pair once againI failed earlier shorting this pair on a lower time frame, but i cant help it but take the trade again.
This time with a broken trend line in daily time frame + MACD crossover
ratio is pretty good, so if turns out a losing trade, not much is lost.
shorting EURAUDEURAUD broke the trend line, consolidated a bit, a small pull down, and now its trapped in a channel.
am expecting the channel to break and head down to our TP.
this is a risky trade, am opening a small position and so should you.
- Great ratio
- Broken trendline
- MACD divergence
EurAud Looking Bearish At The MomentI am expecting euraud to Drop from this upward channel or wedge
Reasons To Short:
Probably a REversal In Trend Point
Triple Top
Nearly Straight Line Upward Resistance
High Bearish Volume As Seen Clearly
Lower Boundry Breakout
Upcoming News Likes To Be Supporting The Trade
1 By 5 Risk To Reward Ratio Trade
EURAUD, waiting for the bears to come 11 May 2016 6:16am EDTEURAUD, another nice setup for Short coming from the shoulder portion of the chart when it formed. Get ready for a short position when the bearish engulfing candlestick formed red Arrow sign.
EURAUD: SELL SETUP (BREAKOUT)EURAUD is consolidating on the daily chart and developing bearish divergence with a breakout looking imminent, I am expecting a breakout to the down side to sell the pair with an initial target of around 400 pips.
EURAUDWe still have a weak Euro despite the recent rally. With the better than expected employment figures coming from Australia we now have a technical signal developing on the chart. The Daily engulfing candle and now what looks to be a pull back on that candle should find previous support as resistance and continue to the downside. I would like to see rejection and selling coming into the market from this point before taking the sell. Learn to trade for free boafx.com
