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EURAUD Short

128
Got a nice +30 pips on the long setup for this pair the other day. Now price is resisting against the descending trend line and showing some bullish exhaustion. I will now short this because the overall trend is still down. However, we could be in the midst of a potential trend reversal with the bullish divergences on 4hr and above which is why I am only targeting back towards the bottom of this triangle. If we get a breakout out of this triangle to the upside, I will close out and flip back to long.
Dagangan ditutup: hentian tercapai
As I suspected, it seems EURAUD is beginning to reverse its downtrend and breaking out of the descending trend line is the first step. Awaiting further confirmation, but so far this appears to be the case
Nota
I re-entered when I saw the price action confirm it wasn't ready to break out. I apologize for not updating, I was away from my computer. Anyways, this trade looks like it is working out so far
tommyf1001
Supply and DemandSupport and ResistanceTrend Lines

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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Supply and DemandSupport and ResistanceTrend Lines
tommyf1001

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.