Sunday, August 14, 2011

#EURAUD Intra Year Trade

I missed this oppotunity on this double-bottom most-likely to take out the whole years range north. As price is channeling sideways covering the whole years price action, it could even become a triple bottom giving us a possibility to enter a third touch of the lower trend line.

Another possibility is to enter at the break of the upper line of the channel.


Perfect double bottom so far. Can become a triple bottom. A position north can be established @ the bottoms third attempt or at the neckline break.

2 comments:

  1. Hi Mauro,
    Have you seen GBPJPY?
    What is your take on it?
    I think it will break the 2009 lows and go down very soon

    Best!

    ReplyDelete
  2. Before that, it has to take out the low of 2011. ;-)

    ReplyDelete