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
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.
