The EURAUD retraced 38.2% of last move down and CCI has a 2 bar flat, a reliable short signal. But the apex of the CCI triangle is slightly above 0, slightly favoring upside. we could see a retest of swing high before downside gets serious. Conservative traders would wait. Aggressive traders might have to enter again later or take SL 1.586- 1.626. Watch the spread
Entry 1.618
TP1 1.604
TP2 1.594
then 1.57, 1.55
Entry 1.618
TP1 1.604
TP2 1.594
then 1.57, 1.55
Note
Locked in some profit 1.614 to ensure profitable trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.