EURAUD Long on a monthly chart

FX:EURAUD   Euro / Australian Dollar
This is a long term trade so you have to be a bit patient here.
Bullish trend to continue until 61.8 fib. level.
Thank you for any feedback :)
Be careful thought with the Brexit approaching. It may shake the EURO market.
+1 Reply
hatzitesla neefyboy
yes im sitting on my hands until the 23rd...thank you for your comment
Yes, but you just have to pay the daily interest rate; debited from your account everyday. I repeat, that's 1.75% coming out of your capital everyday, and if you are trading with leverage or even no leverage at all; that is, let's say 100K, then you will end of paying the Australian government $2000 at the end of one year. This is a great to pick to fund the brokers' coffers.
+1 Reply
hatzitesla Rocketman
good point...as I said it's a long term trade...swaps and roll overs should always be factored in...an expansive move is eminent though
Congratulations! Your chart has been selected to be highlighted as the post of the day. This is a great example of trendline analysis.
+1 Reply
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