Monday, March 7, 2016

Going Long EURAUD Now





I like the action off the bottom to signal that wave 2 is potentially over and a large rally phase is getting underway.  This pair is significantly oversold so at least a short term pop is due.  Either way, I just want a piece of the rally.  I'm going to attempt a long here.  If it doesn't work out, I will retry again when another long signal arises.  Here is my setup:

Long now at 1.4835
Profit Target 1.5030
Stop Loss 1.4685


PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.

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