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.
Are u still in this trade ?
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
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out