EURAUD Simple Trading Plans Into July
The Sentiment case facing the EURAUD is causing a mid term downtrend off the back off a more committed ECB to easing.
Late rhetoric out the RBA has actually provided a small relief to this, but the over-whelming longer term sentiment reflects the origin (Lesser demand for EUR VS AUD based on easing).
A) Technical basis for longs exists at the PA zone noted, bottom side of the downtrend channel.
B) Sentiment case does not necessarily fit long term longs, so size can be deviated, or simply wait to short on a push back towards the upside of the down trending channel drawn (higher short value)
Late rhetoric out the RBA has actually provided a small relief to this, but the over-whelming longer term sentiment reflects the origin (Lesser demand for EUR VS AUD based on easing).
A) Technical basis for longs exists at the PA zone noted, bottom side of the downtrend channel.
B) Sentiment case does not necessarily fit long term longs, so size can be deviated, or simply wait to short on a push back towards the upside of the down trending channel drawn (higher short value)
Nota
Long bias continued into Monday. Not overly keen on CB sentiment but willing to add lightly.Nota
Out for gains on overnight longs.Nota
Willing to creep in with tiny shorts, no mega risk.Nota
Continued Bias ^ Shorts.Nota
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Posts Not financial advice.
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.