Hi, Nshan. Considering that we are looking to short EUR\AUD I wonder what should happen with AUD if we expect the grow of EURUSD ) Which of these ideas you consider as more reliable?
I guess too soon to buy, agree with chart eventually it may push further in coming months. This whole rally needs a correction i believe and could retest as low as 1.15 (Y) Thanks for you chart (Y)
@Nshan, I actually sold it from 1.2050 and closed 1.1750. I am skeptical about EUR growth as the price is still too high to buy. I would rather wait for deeper correction before i go long on this (Y) I did not take EUR long instead i took GOLD long position. Thanks!
Nshan
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@HumairDawood, good job, you are in a good profit now. take some at 1.15.
regarding gold, it works parallel most of the times, be careful