As per my previous EurUsd analysis. I am now looking for longs across the EUR board because the fundamental situation lightened up, and in my view a turnaround for the days to come is in the making.
I have been watching EurAud for quite a while and i like this oversold setup here.
I bought at 1.3705 with a relativley tight stop for the volatile euraud at 1.3650.
I am targeting 1.39 and if the momentum is strong maybe 1.40
Its a little bit of an aggressive entry if you like a more conservative approach you can wait for lower prices around 1.3680 and enter, risking less pips. In any case use proper risk/money management and dont risk much on one trade.
One more suggestion: If you look at the lower timeframes maybe something like this will form a consolidativ phase in the asian session, that gives you more confidence that the market will continue tomorrow in the London session.
Blessings to you all
I have been watching EurAud for quite a while and i like this oversold setup here.
I bought at 1.3705 with a relativley tight stop for the volatile euraud at 1.3650.
I am targeting 1.39 and if the momentum is strong maybe 1.40
Its a little bit of an aggressive entry if you like a more conservative approach you can wait for lower prices around 1.3680 and enter, risking less pips. In any case use proper risk/money management and dont risk much on one trade.
One more suggestion: If you look at the lower timeframes maybe something like this will form a consolidativ phase in the asian session, that gives you more confidence that the market will continue tomorrow in the London session.
Blessings to you all
Giao dịch được đóng thủ công:
To follow up on this idea.
I dropped this position a few minutes ago for a small 10 pip loss, i am not liking the price action.
Tonight we rallied higher for about 60 pips and then we came all the way down so this is a negativ.
And i am not really seeing any buyers as i would like. So i prefer to get out for now.
There are better pairs to trade. Counter Trend is always difficult.
Blessings to you all.
I dropped this position a few minutes ago for a small 10 pip loss, i am not liking the price action.
Tonight we rallied higher for about 60 pips and then we came all the way down so this is a negativ.
And i am not really seeing any buyers as i would like. So i prefer to get out for now.
There are better pairs to trade. Counter Trend is always difficult.
Blessings to you all.
