Upcoming Long on EURAUD
Updated
EURAUDData
- More than 70% open position on Short
- Volatility is somewhat strong at 4.278% (Above 5% is great)
- Buy Stop at 1.609
- Sell Stop at 1.599
Prediction:
- Market will reverse to hunt that Buy Stop order at 1.609
- Market may keep rising to hunt another one at 1.61
- At this point, there is no immediate resistance (sell orders) so price may keep shooting up
- When price goes down, it will keep decline to hunt Sell Stop at 1.599
- OR price may go down to hunt Sell Stop first and then Buy Stop
Note
Update- It seems like they went to hunt the Sell Stop (1.599) first
- Now they will hunt for the Buy Stop at 1.609
Side Note:
Need to figure out the systems or indicators that point direction in this kind of situation
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