It seems EURAUD is forming a bullish flag structure ? Impulse + Correction + Next impulse ?
Target is open and SL @ 1.462
From the fundamental perspective, Australia Inflation eases to 1.9 % so it supports the idea of a weaker AUD
6 Trading Rules :
1. Never add to a losing position . 2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit 3. Think like a fundamentalist, trade like a technician . 4. Keep your analysis simple 5. Start small and increase exposure when trend is confirming your analysis 6. The hard trade is the right trade
Josep Pocalles
Trade closed: stop reached
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Scenario invalidated, I will re-attempt if it returns back above 60 MA :
Thanks!