Charlieab94
Short

EURAUD Short Trade *DAILY TREND & CHART PATTERN*

FX:EURAUD   Euro / Australian Dollar
I am looking at a short trade on EURAUD .

There are multiple daily lower highs on that timeframe with price making a lower high last week. A nice bullish spike upwards last night is looking like a good discounted chance to get in short positions.

On the 4hr chart we have a CTL break, retest of this TL and the fib 0.618 retracemement level.

TP1 is at the fib -0.618 extension level (new 4hr lower low)
Long term TP2 is at the 1.60 support zone .
Nov 28
Trade active
Nov 28
Comment: Check out my blog site for free trading education and more technical analysis.

https://diaryofafinancekid.com/blog/
Are u still in this trade ?
Reply
This trade looking good mate I also jumped in on this
+1 Reply
@Tesegon1, Yeah man, decent entry as well. Almost zero drawdown
+1 Reply
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