EURAUD - Put this on your watchlist RIGHT NOW

This one is all about watching the price action. The RSI isn't really telling us anything useful, but we have an interesting structure forming here. Traditionally, I'd be looking for a break of this resistance, but something tells me that if it breaks, it wouldn't be a violent move down. Instead, I'm looking for a bounce candle so I can ride this trade back up into resistance - maybe with a TP @ 1.44.

Kommentera:

If this bounce candle holds until tomorrow @ 4, then I will be going long :)