OptimoomFX

EurAu- possible rise with double confirmation

Long
FX:EURAUD   Euro / Australian Dollar
Last week EurAud broke violently above 1.66 resistance, accelerated and reached a local high at 1.68.
A normal correction followed and the pair come to confirm old resistance as new support.
Now the pair is trading upwards, also above the descending trendline and looks ready to resume its upward move.
Buy dips for this pair is my preferred strategy.
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Comments

Nicely written :) but you got that wrong. By the way everyone did, most people were saying Long.
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OptimoomFX Helena_FX
@Helena_FX, just took my SL. Cost of doing business...
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Helena_FX OptimoomFX
@OptimoomFX, well at least you had a SL, hmmmm....interesting way of trading using a SL. I have never used a SL. 99% of traders use SL that is why they are losing.
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OptimoomFX Helena_FX
@Helena_FX, yeap. Need to have SL though running a signal channel.
It was at 1.6550...didn t expected to be touched after the break...that s it. Wait and see now
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