21 Jun 2017

EUR/AUD - LOOKING FOR A PULLBACK FOR A SHORT ENTRY


EUR/AUD H4

As predicted after the false breakout couple of week ago (full trade idea here) the rate keeps dropping lower. Now a small retracement higher is expected for a chance to scale back in the short positions.

I am looking for a move to 1.4800-1.4900 area (old support which should now become new resistance) to short the pair.

Possible targets: 1.4620 and 1.4450.





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