This is pure speculative, tentative, and counter fundamental.
But this is one of my favorite price action to trade.
EURAUD dived to a new 2 months low and the entire price action looked corrective (so far)
I *might* go long if the price bounce impulsively from nearby level otherwise will give up on this opportunity.
Just sharing what I see, it's crazy to catch a falling knife.
Commentaires
Mokonomo
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China just could rates by 0,25/0,50 which will boost commodities making this more risky than say EURUSD.
njdfj
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i'll probably wait for monday to see if there's any chance to go long this market. Chartwise, it's one of my fav. setup to trade, maybe just not this time.
paulselvan
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1.5 may be a nice buy entry,may it not?
Mokonomo
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Wait and see until Monday is a really good idea! I might join you :) Sometimes I skip Friday's altogether and it makes a better trading week.