EUR/AUD - Important situation on a 6 months trendline
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Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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The EUR/AUD pair is in an important situation, the price is reaching the 6 months old trendline.
So we have to wait for a bounce or a breakout event, in both cases we must wait for a price action pattern that can confirm the case.
For the SHORT situation, I prefer to enter on a pullback.
For the LONG situation, I prefer to enter at first bullish price action pattern.
Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
****************************
The EUR/AUD pair is in an important situation, the price is reaching the 6 months old trendline.
So we have to wait for a bounce or a breakout event, in both cases we must wait for a price action pattern that can confirm the case.
For the SHORT situation, I prefer to enter on a pullback.
For the LONG situation, I prefer to enter at first bullish price action pattern.