dsubotic

EURAUD 4H PRICE ACTION

Long
OANDA:EURAUD   Euro / Australian Dollar
EURAUD has been in a slight up trend since March this year.
We are looking for an option that follows the growth trend of the euro .
Resistance at 1.5875 becomes support from July 16th.
The trend continues.
100 pips above resistance at 1.5975 becomes support from July 19th.
The trend continues.
Fib 0.236 was not observed as well as Fib 0.382.
A suitable possible option for buy is at the meeting of the support line with the trend line , which is also in the "golden zone".
Techniques such as moving average show up trend.
My expectations are LONG TERM @ 1.5985
Trade active: All respected except Fib.
Move 1 to 1.5800.
We are in trade, beautiful SL level...
Trade closed: stop reached: Short option occured

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