The uptrend on the EUR/AUD corrected lower to the daily 20 period SMA close (aka 20DMA) triggering an aggro swing buy. This entry is based upon the continuous green GRaB candles and the 12 to 2 o’clock uptrend of the 34EMA Wave. The uptrend opens up swing buys on pullbacks as the overall psychology of the pair remains bullish. The fact that the 1.40 handle is also in play makes for excellent major psychological level support as well as the option to put in a “cheated in” stop loss on the entry. While the trend is up, this is an aggressive level because of the shallow correction, the conservative entry waits much ... (full story)