KissFan,
this is the addition for the above post FOR EURAUD.....
be careful, euraud is in a fairly strong downtrend. looking at the charts, specially H4 - monthly (specially daily - monthly). daily formed lower highs & lows for 4 consecutive days; in the weekly, a descending triangle from 1st week of May was broken ; HUGE monthly down bars.
of course, it goes without saying that a long trade may work out. this is just a heads up.
immediate roadblock above 1.75 -1.7650.....(to be continued)
[ Be careful of MACD divergences....
this is the addition for the above post FOR EURAUD.....
be careful, euraud is in a fairly strong downtrend. looking at the charts, specially H4 - monthly (specially daily - monthly). daily formed lower highs & lows for 4 consecutive days; in the weekly, a descending triangle from 1st week of May was broken ; HUGE monthly down bars.
of course, it goes without saying that a long trade may work out. this is just a heads up.
immediate roadblock above 1.75 -1.7650.....(to be continued)
[ Be careful of MACD divergences....