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Bonavest
Aug 18, 2016 1:10 PM

Yesterday Was Pullback, Today We BULL! Long

Euro Fx/Australian DollarFXCM

Description

After making a good run up from the latest bottom EURAUD hit previous resistance and pulled back as I expected albeit a little more down than I thought. Today we should see a move past 1.4780 and possibly pause at 1.4900.

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Comment

I have been looking at the larger time frames (Daily and Weekly) and think that EURAUD might be a good candidate for a LONG and HOLD. Let's see how we pan out tonight and review in the morning.

No TP set.
SL will be manually moved up at a rate not meant to be stopped out at for anything other than some strange market action.
Comments
CANSLIM_SHADY
A beautiful bullish teacup, they are always telling the true!
ClaytonD
EURAUD - been long since 1.46 - great divergence on the daily
Bonavest
Very nice... I am still learning the ways of the long term position hold. I was in last night and closed out when I saw it pulling back. I lost a little from the profit but then bought back in at good bottom so hopefully I can just close my eyes and let it run.
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