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Euraudsell

EURAUD, Focus and WaitWe expect a accumulation in the KL (where the value is now standing) and after of this, a fake out in the simetric triangle before the big fall of the value, this fake out could give us a 50% of fibo, what confirms to us a good moment to go in, but after the entry in the value, we need some confirmations, the first one of course is the finish of the accumulation, the second one is the fake out, the third one is the 50% of fibo and the last one could be a candels pattern who give us the best entry
Short
by BlazeGP
22
EURAUD reaches the Channel TOP once again, SELL?EURAUD has rallied to the channel top driven by the dramatic sell-off in risk assets like AUD. Now, is it possible that we can get a sell entry here? As you can see in the chart, on all the previous occasions, the price dropped after hitting the channel top. So, yes, there is a possibility of a drop. But, for that to happen we need to see improvement in risk appetitive and a healthy correction in the stock markets. If that happens then EURAUD is going to drop.
Short
by YourLazyTrader
21