Get started
Uncharted-FX

EURAUD kept under Daily Resistance level

Short
Euro / Australian Dollar (FX:EURAUD)  
Uncharted-FX  
FX:EURAUD   Euro / Australian Dollar
Support and Resistance Supply and Demand Candlestick Analysis EURAUD Forex forexsignals forextrading fx euro aussie
3
0
supportandresistance supplyanddemand candlestick euraud forex forexsignals forextrading fx euro aussie
Gave an idea on the EURAUD previously, but that idea did not work. We had a failed breakout above a strong daily/weekly resistance zone.

I like what we have here on the 4 hour chart. It displays the fake out that occurred and we have probably taken out the bulls. Had a nice break below a support and a flip zone.

We have a lower high at the 1.6470 zone and as long as we keep this swing, 1.62500 would be a take profit target.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.