EURAUD follow up

11 juil. 2016

Since I'm posting about EURUSD and AUDUSD today let's have a look at our long term trade plan for EURAUD as well. (EURNZD will follow later today).
For my previous post and context see link below:

I still count the move on the daily time frame as a triangle consolidation. I'm therefore looking for a bullish reversal on lower time frames until proven otherwise which will result in me adjusting to the market.
Short term we see a minor impulse and my pending buy was missed by a few pips. That's part of trading and doesn't matter since the best and safest trade has yet to come.
If we see a consolidation for this minor bullish impulse I will buy the continuation with stop loss below the consolidation. If it reverses we are not in the trade and simply wait for the next set-up.

Updates will follow.

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youtube.com/watch?v=HvmWTm4fcl8

12 juil. 2016

Note

Well we didn't see the consolidation and price made a new low. We weren't in the trade so no loss. I will update EURNZD today as mentioned yesterday because I think that pair might be better to trade in the near future. Regarding EURAUD I will closely manage it but we might see an invalidation of the daily triangle which will indicate a whole new scenario with much more room to move lower.
Updates will follow

13 juil. 2016

Note

It seems like EURAUD is about to reverse. Whether this will be an impulse or correction will determine what's next in terms of the higher time frames.

19 juil. 2016

Note