EURAUD 4 hour short trade

Randy BalcomTrades

There is an upcoming trade in the EURJPY pair, here is the methodology of this trade:

The weekly chart is showing a weak bump up with the MACD in divergence.

On the daily chart, is a bearish pin bar

On the 4 hour, we have a clean double top with a MACDBB short signal.

  • This trade would be a 1 target trade.
  • Entry would be a close below 1.56427
  • Stop above 1.57931
  • Target 1.54558

Trade is canceled if current price closes above 1.57931