Reached again an action point
The pair reached the bottom of the in my last Analysis mentioned Trading Box.
Now there are two direct positions possible.
1. Anticyclical Long at the actual Level --> TP = upper edge of the Box
2. Cyclical Stoppsell near below the box`s bottom--> TP= 1.453
All Prices above the box`s upperedge is a longsignal
Former analysos:
Caught in the Box
We see euraud-0.24% ranging between 1.4655 - 1,4775
I see 2 clear Action Points - the edges of the box - here are breakout-Szenarios thinkable.
The risk loving anticyclical Investor could open a shortposition at the actual Level.
All 3 positions are drawed into the Chart.
I for my own would prefer the Breakout @ the upside, cause i see a flag (but flags don`t work good against the trend !!)
It`s just my view -trade your own view :-)
Now there are two direct positions possible.
1. Anticyclical Long at the actual Level --> TP = upper edge of the Box
2. Cyclical Stoppsell near below the box`s bottom--> TP= 1.453
All Prices above the box`s upperedge is a longsignal
Former analysos:
Caught in the Box
We see euraud-0.24% ranging between 1.4655 - 1,4775
I see 2 clear Action Points - the edges of the box - here are breakout-Szenarios thinkable.
The risk loving anticyclical Investor could open a shortposition at the actual Level.
All 3 positions are drawed into the Chart.
I for my own would prefer the Breakout @ the upside, cause i see a flag (but flags don`t work good against the trend !!)
It`s just my view -trade your own view :-)
Note
hahah...filled the short, reached target - built an H&S, triggered --> ptices > 1,4722 --> next TP = upper edge @ 1.4775 
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