EUR/AUD bounce on trendline then up
- Established range but perhaps closing to the end
- Sitting close to trendline
Two possible outcomes:
1. Break trendline
2. Bounce
If 2. Long on top of trendline for 60 pips with SL 20 pips down.
Supported by: RSI, Stochastic and range.
If 1. Capture some 20-40 pips by shorting below support.
- Sitting close to trendline
Two possible outcomes:
1. Break trendline
2. Bounce
If 2. Long on top of trendline for 60 pips with SL 20 pips down.
Supported by: RSI, Stochastic and range.
If 1. Capture some 20-40 pips by shorting below support.
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