EURAUD Free Fall

EURAUD looks very promising for a sell on the daily time frame! On a side note i must add then in about 5 hours now we have the aud interest rate decission, so getting in early can be risky! I get in with a decent position and am able to add more in case it drops on the news
Stoch Rsi shows a nice bearish cross over and at the adx you can see red line sharp bend up and green line a sharp bend down which is a trend reversal sign.

Currently its trying to break the lower range and also soon the 14 EMA . Given by the long up run the previous weeks a correction down is very likely. I can definitely see the price go down towards the 72 EMA .

Take profit: 1.46

I dont use a stop loss on this trade. Theoretically my account can handle it till 1,1560 so enough room to add more in case it goes down on the news tonight.
交易开始: added 2nd position
交易结束:到达目标: nice pips :D
Lovely trade setup, thank you very much for sharing your idea. I have similar view on this pair
as well.
+1 回复
JoshFX1 jojofang0901
@jojofang0901, ye i agree long term trend is bearish. i might short this pair again on the spikes up
Looks great,,,,the interest rate decission tonight???
+2 回复
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