EUR AUD - Trade Idea - Long or SHort - Patience will Win

Updated

Hello all DuncanForex.com with another trade idea

This one is dependant on Market conditions,

It is currently consolidating - sitting on Support whilst lower highs are continually made.

It is creating a triangle pattern and I am waiting for it to either break out and retest above the triangle or break out and retest below for a short opportunity.

I have alarms set in tradingview for the price to break certain price levels.

Lets se what happens.

I am conscious that to the left, is a large monthly pin bar - so at a point, I do expect EURAUD to head lower, however it may not be yet - we will see

thanks for looking

Feel free to go to my landing page where you can subscribe for website news and upcoming detail for when the site is to open

Thanks for your time

Duncan

Trade active

aggressive entry long made on previous high at 1.6375

Note

Watch for the re-test of the triangle to initiate a long trade - if it does, I will take a second position

Trade closed: stop reached

hi all - trade closed at break even - short position opened at 1.6353 with stops above swing high.
watching closely as bullard comments could send EURAUD higher.

Trade closed: target reached

hello all - short trade entered at 1.6353 has hit target of 1.6290

UnknownUnicorn483829

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