forexentryideas
Long

EUR/AUD in rising channel

FX:EURAUD   Euro Fx/Australian Dollar
48 2 0
The pair has consolidated above 1.5600 round level, also has broken minor trend line on H4 chart and is trading near it's supportive side of the rising long term channel. So I am expecting it to begin new impulse towards the 1.6000 resistance where also red trend line resides. If it manages to brake red trend line and close above 1.6000 level, than probably we should expect the upper side of the channel to be reached near 1.64-1.65 levels.
SergioDisagio
9 months ago
I made a rush decision and opened a long position at 1.5975. It is 1.58 now, and I can't afford a bounce to 1.55 or similar. Time to assume the lost? Or should I wait for it touches 1.6000 again? I'm really undecided.
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forexentryideas SergioDisagio
9 months ago
I can't say anything it's a very difficult situation. If I was you, I would close it as soon as price returned near to my entry point
+1 Reply
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