Do We Have a Major Reversal on EURAUD? [Video]
|In this video, we discuss the technical argument for a long-term sell on the daily timeframe (which presented itself to us as an opportunity last night) and why this cross-pair is has given us our third sell set-up. Last night's bearish pin bar reversal gave us a "lower high" which marked a potential acceleration point of what we anticipate to be a long-term downward move.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.