FOREXEL
Short

EURAUD / Interesting selling opportunity..maybe

FX:EURAUD   Euro / Australian Dollar
138 1 9
The EURAUD             is now at an interesting price level where the price have turned to the upside lately, but I am going to keep an eye on it and place a limit order should the Aussie manage to keep the Euro             under pressure and possibly even break the 1.42 handle. if so I aim fo             about 400 pips. Will take a few for this trade to trigger but worth the wait.

Since I only use the 240 TF for my trigger I am not concerned with the stochs reaching oversold area. The Daily and Weekly still show plenty of fuel.

Happy trading
Now we have Swing lower high, Surely it will make swing lower low.
+1 Reply
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