The pair reached the bottom of the in my last Analysis mentioned Trading Box. Now there are two direct positions possible. 1. Anticyclical Long at the actual Level --> TP = upper edge of the Box 2. Cyclical Stoppsell near below the box`s bottom--> TP= 1.453
All Prices above the box`s upperedge is a longsignal
Former analysos:
Caught in the Box
We see euraud-0.24% ranging between 1.4655 - 1,4775 I see 2 clear Action Points - the edges of the box - here are breakout-Szenarios thinkable. The risk loving anticyclical Investor could open a shortposition at the actual Level. All 3 positions are drawed into the Chart. I for my own would prefer the Breakout @ the upside, cause i see a flag (but flags don`t work good against the trend !!) It`s just my view -trade your own view :-)
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hahah...filled the short, reached target - built an H&S, triggered --> ptices > 1,4722 --> next TP = upper edge @ 1.4775