EURUAD Potential Short Signal Update
TRADE UPDATE
Previous analysis:
Please see original analysis linked below for in-depth explanation of our long bias.
We are still awaiting a break below and close below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the downside with a chance prediction of 85% or higher. Currently our algorithm is predicting continued movement to the upside with a chance prediction of 69%, but we will continue to monitor price action and the updates from our algorithm.
See the link below for an image of our algorithm's forecast for this pair.
[url=[img]i.imgur.com/nEKY8qD.png[/img]]
If you want to receive accurate forex signals like this one check out https://www.Unique4xPro.com and get one FREE month of our algorithmic signals!
Also follow us on all of our social media:
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Previous analysis:
Please see original analysis linked below for in-depth explanation of our long bias.
We are still awaiting a break below and close below this blue short-term up trend line on the hourly chart to execute a short position on this pair. We will also need to see confluence from our price action forecasting algorithm forecasting a move to the downside with a chance prediction of 85% or higher. Currently our algorithm is predicting continued movement to the upside with a chance prediction of 69%, but we will continue to monitor price action and the updates from our algorithm.
See the link below for an image of our algorithm's forecast for this pair.
[url=[img]i.imgur.com/nEKY8qD.png[/img]]
If you want to receive accurate forex signals like this one check out https://www.Unique4xPro.com and get one FREE month of our algorithmic signals!
Also follow us on all of our social media:
Twitter @ Unique4xPro
Snapchat @ Unique4xPro
Instagram @ Unique4xPro
Note
This signal is still pending execution and has just been updated @ 7:55 PM EST 4/06/16Note
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Related publications
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.