EUR/AUD has been heading down, BUT it sure seems like it's hitting a strong support bottom. I'm not going to make a play until I either see it continue downward or change direction and establish an upward channel.
Trade active
Seems to be heading down further. Initiating a Short with a Stop outside the channel.Note
Still Short. It crossed up slightly from the trend lines but headed back in. So far, so good.Trade closed: stop reached
Heading out of channel. Closing.
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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.