EURAUD: Long and Short term analysis
The 8H chart shows a bearish long term perspective. I'm already Short from the touch of that upper TL in the 8H chart and expecting a drop at least to the base of a triangle, wave channel, etc.
looking at the 1H chart, a bullish story is in play. Both analysis have indicated that Short I took around 1.409!
Let's see if the 50% line or the prior resistance level in the 1H chart show bounce. The price is at a possible support now too!
looking at the 1H chart, a bullish story is in play. Both analysis have indicated that Short I took around 1.409!
Let's see if the 50% line or the prior resistance level in the 1H chart show bounce. The price is at a possible support now too!
Comment:
Closed the Short for small profit but the Long trade is still open and well into profit, just moving the SL up; strong EUR!
Comment:
after incredible run up, will it hold this lower line again?
