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EURAUD 4Hr Multiple Opportunities Short

Short
Euro / Dollaro australiano (FX:EURAUD)  
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FX:EURAUD   Euro / Dollaro australiano
Chart Patterns Beyond Technical Analysis EURAUD euraudanalysis euraudsetup euraud4h euraudidea euraudtradingsetup
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As is, EURAUD is trading below previous Buy-zone.

For successful Short trade, rejection confirmation is necessary at prices 1.56045 and 1.55832

However! A very important point to note:

Price is ALREADY INSIDE A Monthly timeframe BUY-ZONE,

ie 1.53609 | 1.56976 IS Buy-zone for Target 1.63463.

This makes 1.54173 | 1.53609 zone have Confluence of Support.


Therefore, for this SHORT-TERM Short trade to be a success:
Confirm rejection to the downside at prices 1.56045 and 1.55832

Be aware that Buyers are exceptionally heavy at 1.54173 | 1.53609 zone--- Meaning, this is a zone where Long entries can be executed using confirmations.



Note: Idea is to complement your research.

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Thank you. Happy Trading.
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