possible move for EUR/AUD for the next day
Judging from AUD's correction pattern(a upwards triangle, which always means a near-term reverse) and EUR/AUD's correction pattern(a downward triangle), i guess the most likely movement for EUR within the day would be like the chart i illustrated. Today's movement also shows strong support in this area. And, consider 2 upward trendline underneath, this could be a small LONG opportunity.
while, the descending trend line is just near 1.5570, i think we could try SHORT when the bar hit it.
Let's see.
while, the descending trend line is just near 1.5570, i think we could try SHORT when the bar hit it.
Let's see.
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Trade closed manually
Note
SHORT opportunity comes!Note
i think the LONG opportunity is coming too.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.