EURAUD - Shark long before shark short?
Hey guys, it has been a tough start for me in Nov, got hit by 2 losses so far.
Today, US election will be over in a few hours time, hopefully trading gets smoother after election.
Over the weekend, I talked about selling EURAUD around 1.4790, price still has ways to go before that happens.
Right now, we are actually close to a potential long before the longer term short.
As this is a counter trend trade, I have to be patient.
The 1st test of this zone is too risky for me to go long yet.
Will be looking for a double bottom with bullish RSI divergence before going long around this PRZ zone 1.4120 -1.4130.
Will keep you guys posted.
Today, US election will be over in a few hours time, hopefully trading gets smoother after election.
Over the weekend, I talked about selling EURAUD around 1.4790, price still has ways to go before that happens.
Right now, we are actually close to a potential long before the longer term short.
As this is a counter trend trade, I have to be patient.
The 1st test of this zone is too risky for me to go long yet.
Will be looking for a double bottom with bullish RSI divergence before going long around this PRZ zone 1.4120 -1.4130.
Will keep you guys posted.
Order cancelled:
Missed area to buy and just flew up during election.
Trade idea no longer valid.
Trade idea no longer valid.
Had a chat with my mentor Scott(Scott Carney) yesterday, we spoke about how we view the various markets.
I will share about what he revealed to me about the S&P index in this week's report.
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