EURAUD NOT convincing upward momentum
We are still in short from Friday on this pair, the reason for not exiting the trade so far is failed breakout of the downtrend, all attempts failed as we see. The sole purpose is to hit the stop loss of many traders. Every deal we enter has an exit point and an entry point in our records. The exit point is a close above a supply area or a candle close below a demand area. This is how large corporations trade. And that's the right way.
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.