EUR AUD Short - Trend Line Analysis using fundamental principle
Happy Easter traders,
2/2 of my trades so far are going strong. Number 3 I think is highly likely to come in.
Next long term trade I am putting my money on is this EURAUD short.
There is a clear direction for this pair. I believe we'll see price fall to the purple line in May but I am taking a safer bet that we'll hit the green line without too much hassle. There is not much resistance indicating price will bounce back up above the SL I have input.
Follow, like or comment. I am looking to build a network of traders to work with over the summer so feel free to get in contact.
All the best,
Charlie.
2/2 of my trades so far are going strong. Number 3 I think is highly likely to come in.
Next long term trade I am putting my money on is this EURAUD short.
There is a clear direction for this pair. I believe we'll see price fall to the purple line in May but I am taking a safer bet that we'll hit the green line without too much hassle. There is not much resistance indicating price will bounce back up above the SL I have input.
Follow, like or comment. I am looking to build a network of traders to work with over the summer so feel free to get in contact.
All the best,
Charlie.
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.