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Sell EURAUD

by Saqib I, June 22, 2022

EUR/AUD D1 vol/wav

by Saqib Iqbal June 22, 2022

1
Share

EUR/AUD

|

Short

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D1

Timeframe:

D1

Analysis Method:

vol/wav

Analysis:

The EURAUD price is swiftly moving higher, facing a tough resistance at 1.5280 whic is a double top pattern and most likely to get broken. However, the pair may not be able to extend the raly beyond 1.5340. So that’s my pending sell order. The next pending sell order is at 1.5400. The price is expected to drop down towards 1.5200. The trade is invaldated if the price hits 1.5450.

Trade Plan:

sell on strength

Risk Management:

0.5% in each trade

Things To Watch For:

1.5340 and 1.5450

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The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.

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