The_Cannalyst

Caught in the Box

The_Cannalyst Updated   
FX:EURAUD   Euro / Australian Dollar
28
We see euraud ranging between 1.4655 - 1,4775
I see 2 clear Action Points - the edges of the box - here are breakout-Szenarios thinkable.
The risk loving anticyclical Investor could open a shortposition at the actual Level.
All 3 positions are drawed into the Chart.
I for my own would prefer the Breakout @ the upside, cause i see a flag (but flags don`t work good against the trend !!)
It`s just my view -trade your own view :-)
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