欧元/纽元做多
Long term trendline breakout
I have to admit that I was not expecting this outcome from the technical point of view as we were into an oversold area and sitting in a very critical area where we had important supports, specially the long term trendline from 2015.
Assuming this breakout the scenario seems to be completely different but in the meantime we still have three further supports to help BULLS to reverse the trend and perhaps to consider even a false breakout.
1.6158 is the next support, weekly support, followed bu 1.6139 and 1.6135. Assuming that we have entered a steeper descending channel we could face a support in that 1.6130+ area.
I am gonna get rid of my short covering (partial hedge), take the profit on the way down and enter one more long stake to lower down the breakeven area.
I will continue being BULL on this pair with a first taget at 1.64500
GO BULLS!
Pd: mind that we are on the lowest trading are of the year (52weeks!).
Assuming this breakout the scenario seems to be completely different but in the meantime we still have three further supports to help BULLS to reverse the trend and perhaps to consider even a false breakout.
1.6158 is the next support, weekly support, followed bu 1.6139 and 1.6135. Assuming that we have entered a steeper descending channel we could face a support in that 1.6130+ area.
I am gonna get rid of my short covering (partial hedge), take the profit on the way down and enter one more long stake to lower down the breakeven area.
I will continue being BULL on this pair with a first taget at 1.64500
GO BULLS!
Pd: mind that we are on the lowest trading are of the year (52weeks!).
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