DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Alright guys so from what I'm seeing, there's a support level that just wont break on this Euro / Australian Dolllar pair. What can we expect? Theres still a little bit of room for the price to drop into that support. If it proves me right, we can look at a good buy option. Take a look at the RSI on the daily chart. It's soon to hit oversold. We can either expect a correction and a break of the support, or the end of the wave. Patience. Good trading everyone!
Alright guys so from what I'm seeing, there's a support level that just wont break on this Euro / Australian Dolllar pair. What can we expect? Theres still a little bit of room for the price to drop into that support. If it proves me right, we can look at a good buy option. Take a look at the RSI on the daily chart. It's soon to hit oversold. We can either expect a correction and a break of the support, or the end of the wave. Patience. Good trading everyone!