EURAUD - Short Term downside Short

Euro Fx/Australian DollarFXCM

Descrizione

⋅ 6 giu 2017 13:39

A good opportunity to short this pair for the short term with the following confluences -

1) We have an RSI divergence
2) We have a technical wedge pattern
3) We have a completed 3rd wave structure between 161.8% and 200% extension

Commento

⋅ 7 giu 2017 02:22

The impulsive fall this moving fuelled by the positive AUD GDP is giving us more confirmation that we might see this pair reach for the 1.4732 area.

However, price might see some support around the 1.4920 area.

Shift your stops to protect your trade.

Commento

⋅ 2 lug 2017 12:07

Commenti

jojofang0901

⋅ 7 giu 2017 04:23

Very nice trade setup, thank you for sharing your idea. i have similar view on this pair as well.

KarYong

⋅ 7 giu 2017 06:12

@jojofang0901, nice! long term i am still expecting a move higher after the correction :)

jojofang0901

⋅ 7 giu 2017 06:18

@akyong, agree!

KlejdiCuni

⋅ 6 giu 2017 13:55

Thank you for sharing. Same setup.

KarYong

⋅ 6 giu 2017 16:24

@KlejdiCuni, nice! i see you trading harmonic patterns?

KlejdiCuni

⋅ 6 giu 2017 21:19

@akyong, Thank you. I am using Elliot waves combined with harmonics and classic patterns.

KarYong

⋅ 7 giu 2017 02:18

@KlejdiCuni, cool!

panzer88

⋅ 6 giu 2017 13:50

what are you waiting for to enter trade?

KarYong

⋅ 6 giu 2017 16:23

@panzer88, I've entered on this trade at the break of the wedge structure

Altro