JParry8

EURAUD Bull Continuation

FX:EURAUD   Euro / Australian Dollar
After a spike in the bull to a big bear, we can see EURAUD ranging but slowly respecting the overall uptrend, a lot of ranging occurring in the past several days but if the bull can continue and break the upper resistance line again, we could be looking at a bull continuation. Patiently waiting for this to happen before entering for a roughly 2:1 risk reward ratio.

A double top did show a pull back previously but this was then rejected at the up trend possibly giving more confirmation of another big bull coming.

Some information coming out tonight around midnight could make this trade happen sooner or completely reject the idea totally, will see what the fundamentals have to say.

Lets see how this plays out.

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