nw7

16 SEP 2015 : Planning for both short & long

FX:EURAUD   Euro / Australian Dollar
29 0 0
A very interesting pattern. I am looking for;


If the price breaks support and forms a good bearish candle, I am going to wait for retracement into my "Entry zone" to consider short.



If the price bounces off support and close above 21SMA (blue moving average), I will wait for retracement into my "Entry zone" to consider long.


Other market movement? I will stay on the side.

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