AlkalineFX

EURAUD - Sweeping Sellers

Short
FX:EURAUD   Euro / Australian Dollar
This pair looked great for sells, however, the price decided it wanted to come up to capture liquidity.

We have tackled the break and re-test stop losses and have now targetted the stop losses placed above the high.

Now that this liquidity has been wiped, we could see a strong aggressive sell-off.

I will be keeping this pair on my watchlist at the market open, If the price shows signs of bearish rejection, I will get involved in sells.

Comments

Got caught out in a sell from the top OB but this looks promising👍🏼
+1 Reply
AlkalineFX BENC-FX
@BENC-FX, Same! Let's do it again
+1 Reply
@AlkalineFX was a hard week towards the end 😂
Reply
A simple and beautiful analysis
+1 Reply
AlkalineFX mahdisoltaninjad
@mahdisoltaninjad, Let's do ti!
Reply
Good Analysis. However, take a look at the weekly, it seems that's the start of another upward movt. I expect a minor pullback though
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