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IvanLabrie

EURAUD: Watching for a long entry

Long
Euro / Australian Dollar (FX:EURAUD)  
IvanLabrie Updated   
FX:EURAUD   Euro / Australian Dollar
EURAUD ecb RBA QE timeatmode
14
8
euraud ecb rba qe timeatmode
This pair has been trending down in a consolidation pattern, until we observed what looked like a trend reversal.
Currently moving sideways, this pair is in a race to see who eases faster.
Will the RBA or the ECB win the race to the bottom?
Analysis on chart, there are multiple reasons to look for an upwards explosion, keep an eye on it.

Good luck,

Ivan.
Trade closed: target reached
Trade closed: target reached
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Mentions

Nick_C_
EURAUD; another great long setting up
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