Here I'd just like to go over a great buy position on EUR/AUD.
We know the pair is in a long term downtrend. This doesn't mean we can't take intraday buys on the pair providing we target sensible levels.
Here we are highlighting how a trendline can be utilised as dynamic resistance. The fibonacci level drawn from our 1hr swing low to high shows that our 0.764...
Good Morning Traders. Here is an educational piece on two key things.
Before trading a currency pair, we want to head to at least the daily chart to identify the long term trend on the pair before we scale down to our lower time frames. To identify a trend is simple. For an uptrend, look for higher highs and higher lows.
Here is a clear long term downtrend on...
