I am shorting EURAUD on the basis of
- Price has failed to break above my monthly zone of 1.6260 on 3 different occassions.
- There is a RSI Bearish Divergence on the 4hr and 1hr chart.
- Could be a potential triple top, alongside 2 pin bars (price action).
ENTRY: 1.6260
SL: 1.6282
TP 1: 1.6190 (ULTIMATE TP TO USE)
TP 2: 1.6135
RBA Assist Gov Kent Speaks for AUD AT 22:00 GMT tonight so will be opting out of the trade before then which could make a big impact.
- Price has failed to break above my monthly zone of 1.6260 on 3 different occassions.
- There is a RSI Bearish Divergence on the 4hr and 1hr chart.
- Could be a potential triple top, alongside 2 pin bars (price action).
ENTRY: 1.6260
SL: 1.6282
TP 1: 1.6190 (ULTIMATE TP TO USE)
TP 2: 1.6135
RBA Assist Gov Kent Speaks for AUD AT 22:00 GMT tonight so will be opting out of the trade before then which could make a big impact.