FOREXEL

Bulls be careful - Chart 3/3

FX:EURAUD   Euro Fx/Australian Dollar
7 0 3
The Daily shows the risk of sitting in a long trade trade for too long rigth now.

We still have more upside to take with just one leg up so far. But we are approaching a tougher supply zone .

Further more, the Daily stills shows LHs and LLs. The ongoing leg up is only the pullback on leg 2 from the top with leg 3 yet to be finnished in due course - so one better be careful still.

Shorter TFs still has fuel for Bulls but not for me. I will be at the sideline and waiting a bit.

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