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Friday, June 23, 2017

EUR/AUD: SLOWLY BUT SURE

One of the moments that I like is happing in this pair today.... Slowly but sure... yes, EUR/AUD was moving bullish in between the channel. 

Just got some profit while the pair was trying to retrace, now there is another opportunity to get another one by opening a Long Position while it is trying to go back to its bullish trend.

As shown in the following picture, EUR/AUD is trying to follow its trend inside the yellow zone. And there is an opportunity to take profit below 1.47937.


However, shall EUR/AUD reaches below 1.47182, a new trend is created and I might consider exiting the market without reaching my profit limit.

1.47182 is a Support Level that is supposed to hold the pair from moving downward any deeper if the market wants to keep the pair in Bullish.