EURAUD AT TOP OF TREND CHANNELLooking for some downside here in the EURAUD since it has made its way to the channel upper trend line. The time to consider short trades is at this point with a target of the channel lower trend line.
Euraudsetup
Sell after it crosses the support lineThis is what I believe the trade would go if the prize crosses the support line.
Keep it simple ! :)
EUR AUD bounce down to jump to 1.425If this demand level still have buyers, no supply on a way to 1.425
EURAUDThe drawdown is approx 300 PIPS, which are going to over @ 1.39920 - We will take a long position at this level and take profit at 1.42710
Eur/Aud Short (Feedback IS APPRECIATED)From a long term daily perspective I see it has been in a downtrend. It has retraced up to a level (1.444) it may reverse at or go up a bit (1.4500) more then finally head down to around the 1.42000 area.
short EURAUD @ 30 min. @ trading capability this 52nd week `16This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
