FX:EURAUD   Euro / Australian Dollar
84 0 3
As I said earlier I am with the downward trend . For I am sure that the bearish wave four is not over yet .
There are two levels I am interested in their .
1.4190 and the eyes on 1.4050 I think that the bearish wave will end then.
Trading strategy :I'm not going to buy at 1.4190 I'll wait 1.4050 level and then I'm going to monitor price action .
If it begins to rise strongly or close candle strong buy then I'll buy and my target 1.4950 with stop 1.4000.
If unable to get to 1.4050 I'll waiting break trend line (blue line ) then I'll buy.
Why do we monitor on 1.4050 the reason break this level open sell target to 1.3600.

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