Analyst Signal EUR/AUD 20.4.2017 by CIBFX


Sell intraday opportunity

cib 20042017 1

On the 4 hours chart a triple top pattern was created around a resistance level of 1.4300.
The RSI indicate about a bearish divergence.

What next?

cib 20042017 2

On the one hour chart we marked a diagonal support line, if the pair will closed below it, it would be a sign to sell.

If the pair will go above the resistance area before there was an opportunity to sell, the signal will be cancelled.


Stop loss - a bit above 1.4300

Target 1 – 1.4175

Target 2 – 1.4140

Target 3 – 1.4100



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