mulchen

EURAUD - Potential pullback for short !!!

Short
FX:EURAUD   Euro / Australian Dollar
Hello everyone, if you like the idea, do not forget to support with a like and follow.

The following confluences have been observed and satisfied with the direction of market. Our plan is to bid at better price and hoping the market pick up our bid and move further with trend.
The bidding plan should come with expiry date.


H4 (T.Cont.PB.Align.Channel.Align.EMA)
1.(H4)(Y)(MUST) Strong engulfing candle with very small wick broke the minor white line
2.(H4)(Y) Candle stick pattern reaction from Fibo 61.8 confluence
3.(H4)(X) Candle stick pattern reaction from EMA200/100/55 confluence
4.(H4)(Y) Candle stick pattern reaction from S/R confluence
5.(H4)(Y) Candle stick pattern reaction from Imaginary trendline confluence



H4
EURAUD SELL @ 1.57416
SL 1.57734 (31.8)
TP 1.56462 (95.4)
EXP 2021.02.09 02:05 UTC+2




Note! Any trades you decide to take are your own. The trades shared here are for educational/informational purposes only and are Mulchen's personal trades.


Good luck!
~Mulchen, CISSP
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