Euro / Australian Dollar
Short
Updated

EURAUD VSA (Volume Spread Analysis) Short idea

360
EURAUD has moved significantly up, according to VSA there is a clear bullish exhaustion candle (Climactic Candle) supported by Ultra High Volume (UHV). The highs and lows of the candle are marked with yellow horizontal ray. Upon break of the lower range of the Climactic Candle by a significant bearish candle with lower volume, I will take a short trade with stop above the previous high and target 61.8% fib level.

Disclaimer: This idea is only for educational purpose and sharing my personal opinion according to VSA method. This is not a financial advice. Do you own research and follow the risk management rules.
Trade active
Market took liquidity from the top, the idea is fully valid now.

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