EURAUD Signing Off!
Good evening ladies and gentlemen
I hope you all had a wonderful week and now deserve a well deserved break with the weekend upon us!!
Looking at the EURAUD, price has continued to fight back over the last two days with huge moves yesterday and today before finally being pushed back by the R Line as shown on the Daily chart below! Depending on where your stops are, many may have been stopped out at a predetermined loss. As SM we know that this is the nature of trading, accept it without any emotions and simply wait for the next SM set up.
What can we expect for the future? As always we favour the direction of the trend so Short is our preferred direction. However, price is now in an osciallation and we could get a break out in either direction. AS SM we should be aware that a good entry going against the trend is much more important than going with the trend! I will leave you to do your own analysis for the weekend to determine entry points in both directions!!
Vernon Myers once said "Determination and persistance in pursuing a desire leads to greater opportunity."
I bid you all a wonderful weekend.
Total Abundance is your Birth Right.