EURAUD to keep on your watchlist ahead of this week..?
Going ahead of this week this pair is definitely a must watch for a couple of facts.
As price moves directing its energy to one direction we know that it has to rest at some point to the opposite direction.
Now we are observing price moving in respect of a channel shape. Well respecting the upper and lower boundary we can conclude that price is yet to respect or break through either sides of the channel.
Now what is left to focus on is timing and positioning, not to just jump in just because price has just rejected the upper boundary.
A Happy trading week ahead.
God Bless You.
As price moves directing its energy to one direction we know that it has to rest at some point to the opposite direction.
Now we are observing price moving in respect of a channel shape. Well respecting the upper and lower boundary we can conclude that price is yet to respect or break through either sides of the channel.
Now what is left to focus on is timing and positioning, not to just jump in just because price has just rejected the upper boundary.
A Happy trading week ahead.
God Bless You.