EURAUD Simple Trading Plans Into July
Updated
The Sentiment case facing the EURAUD is causing a mid term downtrend off the back off a more committed ECB to easing.
Late rhetoric out the RBA has actually provided a small relief to this, but the over-whelming longer term sentiment reflects the origin (Lesser demand for EUR VS AUD based on easing).
A) Technical basis for longs exists at the PA zone noted, bottom side of the downtrend channel.
B) Sentiment case does not necessarily fit long term longs, so size can be deviated, or simply wait to short on a push back towards the upside of the down trending channel drawn (higher short value)
Late rhetoric out the RBA has actually provided a small relief to this, but the over-whelming longer term sentiment reflects the origin (Lesser demand for EUR VS AUD based on easing).
A) Technical basis for longs exists at the PA zone noted, bottom side of the downtrend channel.
B) Sentiment case does not necessarily fit long term longs, so size can be deviated, or simply wait to short on a push back towards the upside of the down trending channel drawn (higher short value)
Note
Long bias continued into Monday. Not overly keen on CB sentiment but willing to add lightly.Note
Out for gains on overnight longs.Note
Willing to creep in with tiny shorts, no mega risk.Note
Continued Bias ^ Shorts.Note
Get My Professional Trading Plans FREE:
bit.ly/willsbpa
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/willsbpa
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.