Hello traders,
Just like the EURNZD pair (I will link the analysis), EURAUD is taking a breather from the bearish move. Do I know for sure if price will trigger me into a nice trade, I DON'T. However, I will not move my limit order but will wait to see what happen and if price hits my TP without triggering my limit order, I will cancel the order because it would have take liquidity to continue the bearish move and I am not ready to stand in front of a moving train.
What do you think of my analysis... do you agree?
BR
David
Just like the EURNZD pair (I will link the analysis), EURAUD is taking a breather from the bearish move. Do I know for sure if price will trigger me into a nice trade, I DON'T. However, I will not move my limit order but will wait to see what happen and if price hits my TP without triggering my limit order, I will cancel the order because it would have take liquidity to continue the bearish move and I am not ready to stand in front of a moving train.
What do you think of my analysis... do you agree?
BR
David
