OANDA:EURAUD   Euro / Australian Dollar
here a great setup for a long term buy on this pair now look how price has fallen over the past month or so ? this would be a fantastic trade to catch and hold for the long term what do you guys think and see with this ??
Comment: i will break this down on the lower time frames
Comment: we need to watch how price falls at them lows now you can't just jump into a trade once it hits them lows we needs to see what price action is showing us at the bottom etc just be patience don't get the fear of missing out
Comment: this went lower but has moved very nicely

Comments

Nice double bottom and conformation is bullish flag
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LucasMatthew mahadalisheikh
@mahadalisheikh, looks good buddy
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Where abouts would you put your S/L on this?
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LucasMatthew TheCheeseMan
@TheCheeseMan, either 40/50 pips below the double bottom area or wait for the first wave to start and then catch the next move up :) there's a lot of room on this
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