anilmangal
Short

EURAUD one last drop before the big up move to come .

FX:EURAUD   Euro Fx/Australian Dollar
2038 9 146
The EURAUD             is in a down trend. It still has one more lower degree impulse before the up move begins .
Selling the breakout to the lower trend line is a good idea.

Trade with care. Use a tested strategy with a good win /lost ratio.


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Anil, how would you handle this situation of a fake out? would you be buying now? cheers and thank you for your posts
+2 Reply
Great chart, thanks!

Would you wait to buy it until after the breakout when it hist the lowest trendline at around 1.50? Or would you buy it when it bounces of the trendline around 1.52?
+1 Reply
European Commission Releases Economic Growth Forecasts. Can we buy now?
+1 Reply
anilmangal PRO dexstriker27
i am not looking to buy this as yet
+2 Reply
what do you think now sir?
+1 Reply
yep, completely agreed
final short
+1 Reply
Thanks Anil, I agree with you. This pair could be new low and rises. I'm looking XAU and inflation for clues.
+1 Reply
Thanks Anil, You win!
+1 Reply
Thx Anil
+1 Reply
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