Short in EURAUD

26 дек. 2023 г.

"I am currently in a short position on the EUR/AUD pair due to the price reaching a supply zone where it is highly probable that the price will decline. After conducting thorough analysis, I have identified a significant resistance level in the form of a supply zone, indicating a strong selling opportunity. This zone suggests that selling pressure is expected to surpass buying pressure, increasing the likelihood of a price reversal and downward movement. By taking a short position, I aim to capitalize on this potential decline in the price and maximize my trading gains. I will closely monitor the price action and adjust my position accordingly to effectively manage risk."