EURAUD Simple Trading Plans Into July
The Sentiment case facing the EURAUD is causing a mid term downtrend off the back off a more committed ECB to easing.
Late rhetoric out the RBA has actually provided a small relief to this, but the over-whelming longer term sentiment reflects the origin (Lesser demand for EUR VS AUD based on easing).
A) Technical basis for longs exists at the PA zone noted, bottom side of the downtrend channel.
B) Sentiment case does not necessarily fit long term longs, so size can be deviated, or simply wait to short on a push back towards the upside of the down trending channel drawn (higher short value)
Late rhetoric out the RBA has actually provided a small relief to this, but the over-whelming longer term sentiment reflects the origin (Lesser demand for EUR VS AUD based on easing).
A) Technical basis for longs exists at the PA zone noted, bottom side of the downtrend channel.
B) Sentiment case does not necessarily fit long term longs, so size can be deviated, or simply wait to short on a push back towards the upside of the down trending channel drawn (higher short value)
Note
Long bias continued into Monday. Not overly keen on CB sentiment but willing to add lightly.Note
Out for gains on overnight longs.Note
Willing to creep in with tiny shorts, no mega risk.Note
Continued Bias ^ Shorts.Note
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.