Get started
FinancialGamblR

EURAUD Holds Below 1.6811 Level

Short
Euro / Australian Dollar (FOREXCOM:EURAUD)  
FinancialGamblR  
FOREXCOM:EURAUD   Euro / Australian Dollar
Support and Resistance Supply and Demand Candlestick Analysis EURAUD Forex trading analysis daytrading priceaction
2
0
supportandresistance supplyanddemand candlestick euraud forex trading analysis daytrading priceaction
Recently, I started focusing on structural moves off of higher timeframes. This signal on EURAUD looks great to me.

Price traded in the range from 1.6811 to 1.7017. After a small pullback, today's 5 PM EST close indicates that price is unable to hold above the lower level. Given the runup that this pair has experienced, I expect greater downside payout potential.

Related Ideas

FinancialGamblR
EURNZD Fails To Hold Above 1.8293 Daily Level
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.