EURAUD Simple Trading Plans Into July

28 Haz

The Sentiment case facing the EURAUD is causing a mid term downtrend off the back off a more committed ECB to easing.

Late rhetoric out the RBA has actually provided a small relief to this, but the over-whelming longer term sentiment reflects the origin (Lesser demand for EUR VS AUD based on easing).

A) Technical basis for longs exists at the PA zone noted, bottom side of the downtrend channel.

B) Sentiment case does not necessarily fit long term longs, so size can be deviated, or simply wait to short on a push back towards the upside of the down trending channel drawn (higher short value)

30 Haz

Not

Long bias continued into Monday. Not overly keen on CB sentiment but willing to add lightly.

1 Tem

Not

Out for gains on overnight longs.

2 Tem

Not

Willing to creep in with tiny shorts, no mega risk.

3 Tem

Not

Continued Bias ^ Shorts.

18 Tem

Not