Reading the Right Side of the Chart : #EURAUD
Price broke and closed below Friday high. When that happens, that would trigger my bias to Long the pair. It still needs a trigger though. One of the triggers for me is for the price to go lower and find more stops.
If the buy stops at 1.61200-1.61500 aren't used by the banks to manipulate the price to go lower towards 1.61300 (or in plain English - If the price goes up from and continues going up) then I will do nothing.
Please read my post regarding the Friday-Monday relationship concept to make navigating the market simpler and more efficiently. Linked below
If the buy stops at 1.61200-1.61500 aren't used by the banks to manipulate the price to go lower towards 1.61300 (or in plain English - If the price goes up from and continues going up) then I will do nothing.
Please read my post regarding the Friday-Monday relationship concept to make navigating the market simpler and more efficiently. Linked below
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