Trade77; EURAUD Near The Daily Trendline 7pm

Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.

We had got a good long signal on this pair three days ago with 100pips profit as Euro strength and Aussie weakness is clear to the market participants these days.
A daily trendline resides around 1.3900 round level and price is near to reach it. Also if you see the chart below you will see that price level has acted as a resistant before.

It also serves to note that we have  got a bearish butterfly on the hourly chart and the PRZ zone is extended to 1.3900 too.

The only confirmation for this short setup would be a candlestick formation that shows price rejection from that point.

Make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.
If you want to receive my weekly report you can fill in the form here and we will send it directly to your email address.


Copyright secured by Digiprove © 2011

The following two tabs change content below.
Winners Edge Trading was founded in 2009 and is working to create the most current and useful Forex information and training available on the internet.

Winner’s Edge Trading, as seen on:

Winner's Edge Trading in the news