Hello traders and good to be back with you on this Thursday. I am looking at the EURAUD for a NY session trade. We can see that price is at resistance and we have a double top. So the plan is to sell this if we can get some bearish candle formation to show some bull weakness. I placed a trend line on the chart and looking to enter when we break the trend line and have some conformation with an entry at the price of 1.3810. After we enter the trade short I would like this to come down to the support and take profit zone. You can see I am looking to exit before that zone at the price of 1.3760.
Thank you traders and we will talk soon…….William