FX:EURAUD   Euro / Australian Dollar
487 4 19
Hi all,

Potential trade setting up on EUR/AUD             this coming week.

Additional information:

USD is weakening in strength (AUD and XAU is in anti-correlation with USD) and the USD INDEX is hitting major resistance which translates into great indications for a stronger AUD and a weaker USD, especially against a weak EUR.
We can also see that the order flow is going towards AUD.

- However EUR is expected to gain in strength but AUD will still be stronger so this trade is looking good.

- Pullback is for selling.

Correlating pairs: AUD/CHF             ( GBP/AUD             ).

See chart for more details.
dont you see a trendline from aprils and august lows?
I'll take it, and gbpaud and audchf with it. Let's roll!
+1 Reply
IvanLabrie IvanLabrie
Shout out for Carl's 7 day trial for the currency strength info, it's by far the best filter for Forex trades.
+4 Reply
Tradinggrouptw IvanLabrie
Thanks bro ! :D Indeed, currency strength (order flow) is a game changer for any trader.
+1 Reply
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