EURAUD is showing strong signs of bottoming, as price has broken the first tier falling trend line shown on chart, however the bullish breakout and reversal has not been confirmed yet in my view, I would like to see a break with a daily closing above 1.4565 key static resistance to initiate a long position, targeting the main falling trend line for the overall bearish trend as a first upside target.
So this is a conditional bullish trade, and thus I will be updating with the trade if i have the opportunity to do so. Thanks for reading, and good luck, as always waiting for your comments and suggestions.
Join me at twitter.com/thefxchannel
So this is a conditional bullish trade, and thus I will be updating with the trade if i have the opportunity to do so. Thanks for reading, and good luck, as always waiting for your comments and suggestions.
Join me at twitter.com/thefxchannel
