EURAUD SHORT
This is a hedge position!
Monthly:
- On the black horizantal line, we can see a nice resistance level
- I don't want the red line to get tapped first
Weekly:
- We failed to break the structure to the left
- Market will search for extra liquidity to the downside (before going up again)
Daily:
- Rejecting the Daily Highs (Short term bearish momentum can kick in)
- Aligning with a nice region
4H:
- Subtle H&S Pattern
Monthly:
- On the black horizantal line, we can see a nice resistance level
- I don't want the red line to get tapped first
Weekly:
- We failed to break the structure to the left
- Market will search for extra liquidity to the downside (before going up again)
Daily:
- Rejecting the Daily Highs (Short term bearish momentum can kick in)
- Aligning with a nice region
4H:
- Subtle H&S Pattern
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