EURAUD TREND CONTINUATION TRADE
Hi Guys. Watch bottom for long. Good luck.
Trade with care and use good money management.
Please support the setup with your likes, comments and by following on TradingView.
I'm in in this trade since last week. Momentum is really strong following the same idea of AUD going strong at the beginning of the year.
This is a long term trade. So it will take months. Best case scenario will be structure is complete and we are going completely down or
one more down to complete correction and then up on weekly. Good luck :)
-Head and Shoulder Formation (The Right Shoulder just Tick on the Daily Timeframe)
First Target will be at Pull Back at 38.2 Fibs
Second Target will Be at 61.8 Fibs
Happy Holidays Everyone!
Mario Draghi's comments earlier during the press conference for the ECB Monetary Policy were mostly negative in terms of outlook. This should affect the euro accordingly so I will begin to build euro exposure...
1. Up-trend line broken
2. Retest of the trend line from the underside (can be seen clearly on a line chart)
3. Bearish engulfing candle...
EURAUD HAS NOW BROKEN THE SUPPORT LINE
AND AS I HAVE ANALYSED WE ARE NOW EXPECTING
THIS TO GO DOWN.
GO TO LOWER TIME FRAME AND CHECK IF A FLAG
IS FORMING. BUT THE REVERSAL AND THEN SELL
DOWN. WELL THAT IS IS YOU ARE SURE OF WHAT
YOU ARE DOING.
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