cvfxwealth

EURAUD Sell 400 pip Opportunity

Short
cvfxwealth Updated   
FX:EURAUD   Euro / Australian Dollar
EURAUD again! Have been buying this pair for a few months now. This pair is in consolidation and we have hit the top of the range with a close under it.

RSI in sell zone
Resistance (top channel) held strongly.

Enter at price area range of 1.6500-1.6550

TP long term target is 1.6100 area but I recommend taking profit ranges of 50-80 pips as you trade down. I will be selling down towards the bottom of the channel and looking to reap 400 pips minimum from this pair.

Good luck trading!

Charles V
CVFX Management
Trading made Simple
Comment:
Another daily bear candle close signaling downside movement. Will be trading this all the way down until RSI becomes oversold.
Comment:
Trade signal up 200 pips from top entry. Will update idea on smaller timeframe today for reentry.
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