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Euraudforecast

Long Intraday 1.4983 for play the rebound (50pips)AUD was supported last week by upbeat china Import number and the price of iron ore.a For this day we will wait the China CPI also who can give some other direction to AUD. Also Euraud ia a bit in oversold then is a other reason than he can rebound too if he have to go more down later For now Monday i think a rebound will appear has he drop too much last 2 day a fibo retracement is largely possible. In other side i think market can open with a mid tone risk off who will not help AUD before tha chinese CPI at the Central banker meeting ECB talking mid hawkish so the euro should have a little bit more power than AUD the first 6h of trading before the Chine CPI sp i think this rebound will happens fast if not .the other plan is,can up little bit like 15-20 pips for go out of the oversold rsi and after going down to touch the Up T-line for july 2017 Entry 1.4983 (my friday entry,hope u can catch it arund this price or not play this trade,only i you seen that he got a power bounce so may can go more up than my target° Target 1.5033 50 pips total in 2 separte position like i done all time. STop loss should be under the UP T-line or 1.4950 but as its a very short intraday trade,we cannot do the Money M and Risk Reward so just monitoring your position and if he up 15-20 pips close the first lot and lake the other lot at your entry stop for secure the gains and to be safe without Stress and go on on other trade idea if you seen he start to lost 30 -35 pips more so go out (remlnf that euraud is not 1.0 per lot sale as eu;gu,au..is around 0.78 so 30-35 pips is only 25-30 pips max
Long
by corsicasia