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maosang
27 jan 2016 13:32

possible move for EUR/AUD for the next day 

Australian Dollar/U.S. DollarFXCM

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Judging from AUD's correction pattern(a upwards triangle, which always means a near-term reverse) and EUR/AUD's correction pattern(a downward triangle), i guess the most likely movement for EUR within the day would be like the chart i illustrated. Today's movement also shows strong support in this area. And, consider 2 upward trendline underneath, this could be a small LONG opportunity.
while, the descending trend line is just near 1.5570, i think we could try SHORT when the bar hit it.
Let's see.

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SHORT opportunity comes!

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i think the LONG opportunity is coming too.
Mer