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benjaminhay

1.562 rejected, still going down ?

Short
Euro / Australian Dollar (OANDA:EURAUD)  
benjaminhay  
OANDA:EURAUD   Euro / Australian Dollar
Trend Analysis Technical Indicators Fundamental Analysis
1
0
trendanalysis indicator fundamental
On the 4 hour tf, the price has rejected the resistance level and the EMA 50-4h.

- the EMA 21-4h under the EMA 50-4h to confirm the strong trend
- price going down
- level and ema rejection

That is enough confluences for me.
I have placed a wide stop because tomorrow, Australia CPI data will be released.
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