maosang

possible move for EUR/AUD for the next day

FX:AUDUSD   Australian Dollar / U.S. Dollar
25 0 0
Judging from AUD's correction pattern(a upwards triangle, which always means a near-term reverse) and EUR/AUD's correction pattern(a downward triangle), i guess the most likely movement for EUR within the day would be like the chart i illustrated. Today's movement also shows strong support in this area. And, consider 2 upward trendline underneath, this could be a small LONG opportunity.
while, the descending trend line is just near 1.5570, i think we could try SHORT when the bar hit it.
Let's see.
Trade active
Trade closed manually
Comment: SHORT opportunity comes!
Comment: i think the LONG opportunity is coming too.
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