AlexBarclay
Long

EURAUD At Support?

FX:EURAUD   Euro / Australian Dollar
We have returned to an area of support, previously resistance. Also, this could possibly be a re-test of a demand zone . And Stochastic (34, 3, 3) is oversold.

I am trading this with a tight stop. I need to see the support hold. If not, then I'm out and will look to re-enter when a firmer foothold has been established.

Remember, we never know how any one trade will turn out! All we can do is follow the rules of our trading plan.
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