EURAUD Simple Trade Plans Intraday
Updated
The EURAUD has reversed its near term upwards trajectory upon AUD news last night (employment up).
More employment means strength for the AUD as it typically does not help inflation lower. Having that said, we are nearing intraday setups between falls.
Longs preferred lower @.618 on displayed chart, coinciding with higher timeframe areas.
More employment means strength for the AUD as it typically does not help inflation lower. Having that said, we are nearing intraday setups between falls.
Longs preferred lower @.618 on displayed chart, coinciding with higher timeframe areas.
Note
If you took anything early (.382) exit for gains amidst current sentiment long term.Note
Returning to highs with a lot of momentum, would not be surprised if move continues higher.Long way off long term short areas. still room despite Rate rhetoric difference. Still preferred short, not time to buy.
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