EURAUD-risky counter trend trade

FX:EURAUD   Euro Fx/Australian Dollar
325 5 5
I have some reasons here for a correction before the main D1 bearish trend continues.

Detailes on chart.

2 years ago
I agree with your trade idea. I had a short which I have just closed because I saw the trend line and the 1.4000 support from the left. I will not be buying this though. Hope we get that retracement to load short. There is a possibility that it will just collapse from here and if that happens it means I exited too early
+1 Reply
FullTimeTrader Olu
2 years ago
This setup can be used as an exit also, I you were short on D1 it would be better to close just a part of a lot, but your decision is valid also.
Olu FullTimeTrader
2 years ago
Thanks for your reply. We now wait for Mr Market to tell us where it is going