FUNTRADER-Vera
Short

0611 EURAUD still has 500 pips to drop?

FX:EURUSD   Euro / U.S. Dollar
EURAUD             is not safe to long based on its daily chart .

Check EURUSD             AND AUDUSD             daily chart , you will find out that EURUSD             still need some time to break the channel while AUDUSD             seems finished the job.
So assuming AUDUSD             will rise faster than EURUSD             , we wont suggest a long trade on EURAUD             yet.

Now on the bottom chart, you can find out a broken trendline for EURAUD             . Assuming that price could go back to B for a correction later which we are not sure about. The third wave could drop down to hit the next support soon to make another 500 pips.

If you got the same entry as us, please just keep it till targets hit with SL protection.

Less is more!
Comment: We are going to have our target 4 hit soon.
Comment: 1.572 is our final target for this signal, which just added few days ago.
Comment:
Trade closed: target reached: Our final target 1.572 hit .
This trade is closed with 440 pips.
But the trend has not finished yet.
And we dont have a proper entry as last trade,
so we just let it go.
The story of EURAUD is that to make a new swing happen, it usually takes some days or weeks or even months. Once the trend start, it hard to stop it .
Or you need to do is to find out a new trend or swing, make sure you have a great position with reasonable STOP LOSS.
That will help you build confidence during that trade.

Trend is a rare thing, thats why LESS.
More profit coming for traders who can find them and follow them, thats why more!

Less is more!
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