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Our Strength Vs Weakness Tables Say:

EUR Downside Call Still Live 

Wed 7th June 2023 : Daily Forex Price Action

Today we’re looking at Trading Setups in:

  • EURAUD (Primary Focus Pair)
  • EURCAD (Covered In Video)
90 Days To Profit Forex Challenge | Charles Clifton Forex Trader - 1-2-1 Forex Trader Training Courses | charlesclifton.co.uk

Primary Focus Pair: Trade Plan & Details

Details:

EUR remains atop of our live forex strength vs weakness tables as weakest. 

This allows us to continue to watch EURAUD and EURCAD for short trading opportunities as AUD and CAD remain strong. 

Unfortunately, we have not been entered into EURAUD on our previous set ups, but that does not mean we cannot re-adjust our positions to look for an alternative entry.

We know price has completed a head and shoulders pattern, showing the trend may be changing.

If price continues to trade lower it could target support at 1.5900.

We can look to adjust our entry to the H1 (hourly) 50 moving average, this can act as resistance for price and potentially provide us with a short-side entry.

Live Forex Charts - EURAUD - How to Find A Trending Forex Pair To Trade - Charles Clifton Forex Trader - 1-2-1 Forex Trader Training Courses - charlesclifton.co.uk- 07-06-23

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