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Euraudshort

EURAUD: Top of the main Structure, Looking for a REVERSAL!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURAUD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: After the strong bearish impulse happened about 9 months ago, the market has been consolidating in a big expanding structure, which is clearly visible connecting the two swings high and low in higher timeframe. Currently the price broke the resistance level at about 1.5400, still correcting above it, but with a nice possibility to see a market reverse. When, where and why would we step into the market? Usually, one of the most important aspect during a breakout of a level, resistance or swing, is the way it broke and the further price action above/below that specific level. Considering the overall bearish bias and enough lower timeframe confluences in line with bearish perspective, we would be happy to take a short position on the further correction forming right now! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
17
💢SELL EURAUD at the best price and place💰🧨🔰You can see the analysis of the Euro-Australian dollar currency pair in the 30-minute time frame(EURAUD_ 30min) 🔍🧨🧨 💥The price is currently in the support zone caused by the UP trend line🖤 If the price can break❗ the UP trend line🖤 downwards and stabilize❗ below it, in the pullback🧐 area, the price is the best place and price to sell this currency pair, and there is a possibility that the price will fall to the DEMAND zone🔻 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the channel to your friends 🙏🏻 _______📈TRADER STREET📉______
Short
by TRADER_STREET