EURAUD Reversal
A double top followed by a clear break of the blue zone has triggered my sell signal. The next key area of resistance would be 1.54500 area. Let's see what happens.
Reasons to enter a sell trade:
- a double tops meaning a reversal could be on the cards.
- price has moved away from the outer Bollinger band
- RSI shows a downwards divergence
- a clear break of 1.56500 level/zone
- the MAs are now facing downwards
- No major news for either EUR or AUD till Thursday 15th
Reasons to enter a sell trade:
- a double tops meaning a reversal could be on the cards.
- price has moved away from the outer Bollinger band
- RSI shows a downwards divergence
- a clear break of 1.56500 level/zone
- the MAs are now facing downwards
- No major news for either EUR or AUD till Thursday 15th
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