EURAUD short term charts update

Written by Raul Lopez on October 25, 2011. Posted in Trades & Analysis

Last week I had a trade open on the EURAUD but had to close it because it didn’t break the bottom of the range. Yesterday it broke the bottom of the range so I’m getting ready to give this cross another shot. This is what I’m waiting for:

If it retraces back to the ST resistance level around LOPS2 and forms a significant pattern with downward pressure I’ll go short.

I’ll let you know what happens.

Trade Safe!

Raul Lopez
Forex Course

Tags: EURAUD analysis, forex

Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.

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I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Training. Read more about me.

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