See daily chart of EURAUD below for the discussion that follows.
There were some big moves in the markets this past week. EURAUD was one of them. I don’t see it happening this week, but if price retraces to support (prior resistance), I will consider going long if I see bullish candlestick price action.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
