girolamoaloe

EURAUD - Waiting patiently that the price will reach the demand

FX:EURAUD   Euro Fx/Australian Dollar
EURAUD             is going down. I wait patiently the testing of the demand for a buy opportunity. Inside the demand level drawn on the weekly chart I keep my focus on 2 price ranges for my buy trades.

I marked on the chart 3 potential entry points for a buy trade. the one in the middle is on a support but I can consider it riskier than the others. If the price will drop down deeper in the demand I would exclude this entry point keeping my focus to buy in the dip in the bottom of the demand according with my trading plan.

What do you think about this currency?

Thank you

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