The EURAUD is in a down trend. It still has one more lower degree impulse before the up move begins . Selling the breakout to the lower trend line is a good idea.
Trade with care. Use a tested strategy with a good win /lost ratio.
Anil, how would you handle this situation of a fake out? would you be buying now? cheers and thank you for your posts
Douwe
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Great chart, thanks!
Would you wait to buy it until after the breakout when it hist the lowest trendline at around 1.50? Or would you buy it when it bounces of the trendline around 1.52?
dexstriker27
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European Commission Releases Economic Growth Forecasts. Can we buy now?
anilmangal
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i am not looking to buy this as yet
dexstriker27
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what do you think now sir?
wavesoptions
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yep, completely agreed
Victor.Y.F
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Thanks Anil, I agree with you. This pair could be new low and rises. I'm looking XAU and inflation for clues.