jrfxtrader

Demand zone too good to be ignored

Short
jrfxtrader Updated   
FX:EURAUD   Euro / Australian Dollar
EUR/AUD is moving in demand zone which on weekly chart nicely depicts the taste for the AUD which is now I believe in the right position to slowly build up your portfolio in the favor of AUD.
Comment:
Moving into first possible resistance. If you have partial orders its good time to close part of this position an wait for reversal.
Trade closed: target reached:
As we moved into the demand area for EUR its time to close our position with a nice gain of 600pips.
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