Would short this for a R/R 1:3 :)
Consolidation currently, i will check for further confirmation before shorting.
Reason to long: 1. Approaching Strong support zone. 2. It is in consolidating channel 3. It is in the oversold region Tight stop loss with high-profit outlook
Reasons for my SHORT call: 1. Overbought in RSI 2. Falls in the channel which means it also respects the trendline. This trade is having a small SL, all the best :)
I've also long EURAUD as it has retested the 0.618 fib structure a couple of time. Please share your ideas and opinions. Thank you and all the best!
it has respected the trend line and also the 50 ema resistance, therefore I believe we can expect a short to happen here. Please do share your ideas/opinions as I am new to this. Thank you and all the best!