EURAUD is in strong bullish uptrend.
Despite the December effect, I am thinking to go long with decreased contract than usually.
My target for the long trade is the area close to the monthly supply zone. From there it may offer opportunities for sell.
Currently, the price is on support area awith 0.618 Fib retracement level.
Despite the December effect, I am thinking to go long with decreased contract than usually.
My target for the long trade is the area close to the monthly supply zone. From there it may offer opportunities for sell.
Currently, the price is on support area awith 0.618 Fib retracement level.
Trade closed: stop reached:
-260 pips