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Akil_Stokes
Jul 22, 2016 10:43 AM

EURAUD: Consolidation Between Structure Levels Short

Euro Fx/Australian DollarFXCM

Description

Nothing much on the pairs in my trading portfolio, so looking at a few of my bench warmers in order to get some reps in before our Live Trading Day starts at 8.

We've had some decent back and forth action recently on the EURAUD and although this type of formation typically breaks out to the bullish side, I wouldn't be surprised to see a ppush down to 1.4700's first and even a retest of the channel lows.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
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Comments
Elvis.Deonarine
Well Done Nice Trade
Akil_Stokes
Thanks
KhunHunSein
should sell now ?
Akil_Stokes
If you have to the ask the answer is "no" because it means that this isn't a setup in your trading plan and we should never trade anything outside of our plan
KhunHunSein
ok, thank for reply
Akil_Stokes
No problem, and I'm sorry if that's not the response that you were looking for
profprof
thoughts on EURAUD's daily action? I'm still long from the recent bottom
Akil_Stokes
Hey Prof, I don't see much that interest me on the Daily timeframe
kapitonov.dm
Just fiew points before sharp decline
Very pity
Akil_Stokes
I'm sorry to hear that
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