BastiatMises

EUR/AUD Potential Breakdown

Short
BastiatMises Updated   
FOREXCOM:EURAUD   Euro / Australian Dollar
EA itching for a break down as Aussie GDP Figures show 2.2% Growth despite lock down measure. And, that Aussie exports still made up +70% of all World Exports.

Looking for EA to fall from Monthly Pivot of 1.62431 to Breakout Target Pivot of 1.58786. Secure your profits around the Major Qtr. of 1.6000, as this level is a major psych.

Enter only during times of volatility to protect your stops, which are place above the Monthly Reverse Pivot @ and around 1.64544, and ensure market direction.

*This does not constitute financial advice nor are all trades 100% accurate. The rest is up to you.*
Trade closed manually:

Waiting for break. Pattern is too neutral for my comfort. Looking at this break for the next move.
Comment:

May get another shot here after picking up 188 pips and losing about 50 for a net positive before.
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.