EURAUD Double Tap for Good Short Opportunity

Second tap on resistance line, if these levels are respected, we will expect a downside move from this pair. There is also heavy divergence on the Awesome Oscillator (momentum), which signifies good opportunities for short trade here. Also the MACD appears to have divergence (not shown here)

Kommentera:

Possible entry for this trade has to be done on a lower time frame. This (1h) timeframe does not give us an opportunity for a good fractal entry.