EURAUD ____ INCOMING SHORT TRADE
Hello Guys,
EURAUD traded into a monthly order block, which caused a sell-off in price. Price is likely to continue this sell-off as the structure remains bearish which is understandable because the monthly order block this pair traded into is a strong one.
Right now, I expect the price to retrace into the weekly order block for me to take a short. This will be validated if I see a CHOCH in the 1Hour timeframe.
Also, as I am expecting a retracement in EURAUD, I am looking to enter a long trade on EURUSD.
Follow for more trade analysis.
See my analysis on EURUSD below.
[url=]
Cheers,
David
EURAUD traded into a monthly order block, which caused a sell-off in price. Price is likely to continue this sell-off as the structure remains bearish which is understandable because the monthly order block this pair traded into is a strong one.
Right now, I expect the price to retrace into the weekly order block for me to take a short. This will be validated if I see a CHOCH in the 1Hour timeframe.
Also, as I am expecting a retracement in EURAUD, I am looking to enter a long trade on EURUSD.
Follow for more trade analysis.
See my analysis on EURUSD below.
[url=]
Cheers,
David
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.