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Analyst Signal EUR/AUD 20.4.2017 by CIBFX

 

EUR/AUD
20.4.2017
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

 

Sourcewww.cibfx.com

 

 

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