EURAUD At Support?
We have returned to an area of support, previously resistance. Also, this could possibly be a re-test of a demand zone. And Stochastic (34, 3, 3) is oversold.
I am trading this with a tight stop. I need to see the support hold. If not, then I'm out and will look to re-enter when a firmer foothold has been established.
Remember, we never know how any one trade will turn out! All we can do is follow the rules of our trading plan.
I am trading this with a tight stop. I need to see the support hold. If not, then I'm out and will look to re-enter when a firmer foothold has been established.
Remember, we never know how any one trade will turn out! All we can do is follow the rules of our trading plan.
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.