Analyst Signal EUR/AUD 20.4.2017 by CIBFX

EUR/AUD
20.4.2017
Sell intraday opportunity

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?

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

Source: www.cibfx.com