EURAUD POSSIBLE SHORT SETUP FOR BEARS.

EURAUD DAILY

MARKET IS BULLISH , 21 ABOVE THE 55. PRICE IS BULLISH, 5 ABOVE THE 8 HOWEVER THE MOVING AVERAGES ARE ABOUT TO CROSS. PRICE IS @ RESISTANCE IDENTIFIED @ MM3/1.46 & STOCHASTICS POINTING DOWN. SUPPORT MARKED BY THE GREEN BARS. A SELL OFF M3 PREDICTS A TARGET @ M1.

EURAUD H4

MARKET IS BULLISH. PRICE FORMED A DOUBLE TOP FOLLOWED BY A LOWER HIGH, CREATING A POSSIBLE 1 2 3. RESISTANCE @ WM3 COINCIDES WITH MM3/1.46. SUPPORT @ WM2. STOCHASTICS IS ALMOST OVERBOUGHT. I AM LOOKING TO SHORT THIS PAIR @ 1.46 AFTER CONFIRMING A REVERSAL PATTERN ON LOWER TIME FRAMES.

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