Long EURAUD

Good morning traders,

It seems EURAUD is forming a bullish flag structure ? Impulse + Correction + Next impulse ?

Target is open and SL @ 1.462

From the fundamental perspective, Australia Inflation eases to 1.9 % so it supports the idea of a weaker AUD

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles

Trade chiuso: stop raggiunto:

Scenario invalidated, I will re-attempt if it returns back above 60 MA :