hatzitesla
Long

EURAUD Long on a monthly chart

FX:EURAUD   Euro Fx/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 :)
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
Rocketman PRO
8 months ago
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
8 months ago
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
Reply
neefyboy PRO
8 months ago
Be careful thought with the Brexit approaching. It may shake the EURO market.
+1 Reply
hatzitesla neefyboy
8 months ago
yes im sitting on my hands until the 23rd...thank you for your comment
Reply
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