MaryJane
Short

Reached again an action point

FX:EURAUD   Euro Fx/Australian Dollar
214 3 35
4 months ago
The pair reached the bottom of the in my last Analysis mentioned Trading Box.
Now there are two direct positions possible.
1. Anticyclical Long at the actual Level --> TP = upper edge of the Box
2. Cyclical Stoppsell near below the box`s bottom--> TP= 1.453

All Prices above the box`s upperedge is a longsignal

Former analysos:



Caught in the Box
Caught in the Box


We see euraud-0.24% 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 :-)
4 months ago
Comment: hahah...filled the short, reached target - built an H&S, triggered --> ptices > 1,4722 --> next TP = upper edge @ 1.4775
snapshot

Related Ideas

Dguaman
4 months ago
Thanks =)
Reply
MaryJane Dguaman
4 months ago
you are welcome!
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Jahid
4 months ago
just a bingo :)
Reply
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