2015-09-03_20-55-59EURAUD

This is a beautiful chart with interesting lower lows and lower highs.

Price is in between the two major moving averages on the chart normally meaning indecision or a pause in the trend.

But since all euro pairs have been coming down we will stick also on this example with our bearish bias and will try to short from resistance.

This would be at number seven where our target would be at number eight.

Best of PIPS

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