EURAUD UPDATE. Broke Trendline. Best Confirmation Below 1.4700
Our out look is still playing out. Broke the Trendline and Retraced 61.8%. Best swing positions can be taken early but its best to trade below 1.47000 when we have a good confirmation to New Swing Low. THis is just out outlook not signal to take trade. Make proper confirmations and risk management. If the High A is taken out the the setup and Outlook will be invalidated and we shall find trend continuation patterns. The Outlook Holds as Long as A remains the high Point.
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.