EUR Dollar has reach overbought area and we call it NO FLY ZONE , where ECB keen to Talk or Sell it down area. Look at EURAUD was ranging and rejected in the resistant area. This BEAR sell has a potential High rewards if it works out.

EURAUD day ( 23Aug , 2016 )

Yesterday it was rejected at the previous high ( Resistant) 1.48 BEAR looking to sell and target 300 pips

EURAUD 1 H ( 23 Aug , 2016 )

Bear will look for a smaller time frame to get an entry at 1.48 area

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Daniel Chan

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