Reaching a decision point.

Euro Aud is approaching what I like to call a decision point. From here price will either bounce back into the diagonal for one more move up or it will break out and give us a potential trade back down to the channel bottom. My bias is for a breakout but either way wait for the correct entry set up before getting involved.

I'll update my analysis as price develops so remember to follow to receive them. You can also follow updates via twitter (link from my TV profile)

Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve

Kommentera:

We've had a nice break down - if your not in yet wait for a flag before entering