Charlieab94
Short

EURAUD Short Trade *TL & KL BOUNCE*

FX:EURAUD   Euro / Australian Dollar
I am now short EURAUD from 1.62500

Looking to trade this down to daily support at 1.59800/1.60

Bearish top trendline nearly rejected, got my stop loss placed above to keep it safe. Nice key level resistance zone at 1.62500 which should hold strong and see price reverse.

Fundamentally, I am looking for Euro weakness going in to the future as Brexit occurs this week and potentially other countries look to follow suit.

Check out my blog site for more technical analysis and trading education https://diaryofafinancekid.com/blog/
Jan 27
Trade closed: stop reached: Bad start to the week, I made a classic error of over complicating the bigger picture. The higher timeframe structure is a channel/range bound.

Selling at the 1.63 resistance zone makes much more sense.

Comments

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