EURAUD : Short Pressure

Hello Traders.
First of all , if you think this analysis is useful to you,
press the LIKE button after read )
Let's start :

1W Chart :

https://www.tradingview.com/x/mmtCXor6/

Terminal Status :

https://www.tradingview.com/x/TSQUqyBj/

Both price decrease and position resolution were observed more in Australian Dollar.
This shows that the Australian Dollar may be more advantageous against Euro.


Apart from this, trend line breakdown and head and shoulders chart pattern are among the factors that support short but we are in a very volatile time as understood from the bar lengths.
Those who wish can stretch their Stop-Loss.
Low leverage is recommended.

Volatile movements are quite high, so we will enter with small positions.

Suggested Parameters :


Position Size : %0.5


Risk/Reward Ratio : 1/2.02


Stop-Loss : 1.62281


Goal : 1.59545


NOTE : You can take a look on Related Ideas to understand the analysis main structure on wide perspective. (DXY 107 Week Status on Terminals)

TP1 : 1.60257 (Fibonacci 0.618 Point)
TP2 : 1.59545 (Goal)

Regards.