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ForexTrade
Dec 15, 2017 12:27 PM

EURAUD Long

Euro Fx/Australian DollarFXCM

Description

This is good place to buy. Looks like ABCD pattern.

Comment

Trend line is broken on 4 hour chart, but now it looks like a consolidation and there is a danger that price will continue to fall

Comment

Looks like this plan is working, below 1.5360 I will close my positions.

Comment

Still looking to buy, but existing long positions have been closed.
Comments
thdehddns
Hello the market is closed. Are you still the EURAUD will be up ? MY TP 1.5622. Is that possible to hit the TP? One of Friends said .. it seems to be hit 1.61.
ForexTrade
@thdehddns, Friday price did not break current falling trend line. Point D is still questionable, but I believe that market should go up. I have one very small position, but waiting for the market to break falling trend line. As for the targets I keep current levels. It all depends on the further price movements.
ForexTrade
@ForexTrade, This is my entry techniques
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