EUR/AUD: Opportunities for new short positions

EUR / AUD: 4 hour chart – downtrend

Price below diagonal and horizontal resistance

Signal from Japanese candles: Ingestion – probably fall

50/200MA: 50 under 200 – a negative trend

DeM / CCI (50): Turn the zone of over-bought market – a negative signal

SL: 1.45110

Alternative scenario: If the price crosses above the horizontal resistance, it will spoil the negative trend and we can see a new bullish momentum.


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