In this update, I see a good opportunity to short Euro/Australian Dollar to the previously level of $1.4508 AUD where we see a little upside movement in the early, but I see a possible bearish movement that we could to find down 106 pips in this trade.
Also, we still in this bearish channel with a big enfocous to short in this side.
So I put the SL to $1.4664 AUD and target to $1.4508 AUD with a risk/benefit 1:2
Also, we still in this bearish channel with a big enfocous to short in this side.
So I put the SL to $1.4664 AUD and target to $1.4508 AUD with a risk/benefit 1:2
Note
Hello guys, to update quictly, in H1 timeframe there're not any signal that Euro will go to short. Please buy in that confirmation becuase maybe, the price could to create a manipulation zone to believe that people going to short when we're going to find up the point of $1.4696 AUD. Please long in the market price and put the SL to $1.4587 AUDNote
Note
Euro it's look bullish from this bullish candlestick that formed.
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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.