Hi everyone,
EURAUD has closed above the trendline, but is failing to continue its way up.
Considering the fact that i believe NZDJPY is going to shoot up, i believe EURAUD is going down, since it has a high negative correlation; meaning the pairs move in opposite directions.
You can sell if you have a clean H4 close bélow the trendline. Or wait for it to break the H1 trendline:
My target is 1.37380, but decide your SL and TP for yourself.
Trade with care.
EURAUD has closed above the trendline, but is failing to continue its way up.
Considering the fact that i believe NZDJPY is going to shoot up, i believe EURAUD is going down, since it has a high negative correlation; meaning the pairs move in opposite directions.
You can sell if you have a clean H4 close bélow the trendline. Or wait for it to break the H1 trendline:
My target is 1.37380, but decide your SL and TP for yourself.
Trade with care.
Comment:
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