colinsheen
Long

I really want to Long EUR but... EURAUD

FX:EURAUD   Euro / Australian Dollar
55 4 4
This is pure speculative, tentative, and counter fundamental.

But this is one of my favorite price action to trade.

EURAUD             dived to a new 2 months low
and the entire price action looked corrective (so far)

I *might* go long if the price bounce impulsively from nearby level otherwise will give up on this opportunity.

Just sharing what I see, it's crazy to catch a falling knife.
1.5 may be a nice buy entry,may it not?
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Wait and see until Monday is a really good idea! I might join you :) Sometimes I skip Friday's altogether and it makes a better trading week.
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China just could rates by 0,25/0,50 which will boost commodities making this more risky than say EURUSD.
+1 Reply
colinsheen Chartsmith
i'll probably wait for monday to see if there's any chance to go long this market. Chartwise, it's one of my fav. setup to trade, maybe just not this time.
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