JGSmith123

Slowly looking for a Sell on EURAUD - maybe end of this week

Short
FX:EURAUD   Euro / Australian Dollar
On the Daily time frame, the EURAUD is starting to look rather overbought. It has formed a very nice trendline on the 240 minute chart. Ideally, I would really like to see this get up to 1.6585 area before dropping, but I do not expect that to happen.

I am not shorting yet, but I am watching this pair closely for opportunities to sell.

--

If you want to see my live trading account, you can go to the Darwinex website and search for BPX. There you can see it.
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.