EURAUD BREAK OF 1.469 GET'S UGLY
🔸️Ticker Symbol: EUR AUD Timeframe: 15M🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: EURAUD is on my watchlist. If we end up breaking support at this key level of 1.469 I do believe we can see a push lower in the market. Here are a couple factors that I like to look at. To start off we are trending in a sideways pattern on the 15m Timeframe. Typically, when we are trading in this pattern, and we get into the top red section on our linear regression indicator this has indicated historically that we could see a push lower. We can also tell that our bottom indicator is showing money momentum shifting out of the market along with a red middle band representing bear market momentum. With all of these metrics pointing in the same direction I do believe we could potentially see a nice selloff on EURAUD in the coming days. Thank you so much for following!
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
TECHNICAL ANALYSIS: EURAUD is on my watchlist. If we end up breaking support at this key level of 1.469 I do believe we can see a push lower in the market. Here are a couple factors that I like to look at. To start off we are trending in a sideways pattern on the 15m Timeframe. Typically, when we are trading in this pattern, and we get into the top red section on our linear regression indicator this has indicated historically that we could see a push lower. We can also tell that our bottom indicator is showing money momentum shifting out of the market along with a red middle band representing bear market momentum. With all of these metrics pointing in the same direction I do believe we could potentially see a nice selloff on EURAUD in the coming days. Thank you so much for following!
🔔 Follow for daily stock, crypto and forex technical analysis.
⚠️ Trading is risky, and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
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