EURAUD has a resistance at around 1.63580. So if it cant break the resistance, it will change the market from bull to bear. My SL is 40pips because EURAUD's floating pips is quite high so i scare it touch 1.63750 then only change to bear market. The second thing is it already rise 900pips for this bull market.
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I has review many post for EURAUD and most of them suggest do sell order than buy
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But i go to see the yearly pattern, the trend is not similar. JAN - MARCH 2018 is uptrend but JAN - MARCH 2017 is downtrend.
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02 Jan 2018 is a crazy day. Around 06:50 AM GMT+8. All pair up or down 300 - 700 pips