EUR/AUD Short

April 9, 2009 22:17 by Jon

Good evening, all.  I've just entered a short position in EUR/AUD this evening after the pair broke through an area of support earlier today.

Below is the daily chart.  We've been in a bit of a sideways market recently, with a slight short bias, especially after breaking the rising trendline last month.  Now notice the area of support around 1.8500 that has been tested multiple times in the past 6 months.  The pair broke through that area with conviction earlier today, which is enough for me to get in with a short position.

  • Short Entry: 1.82673
  • Initial Stoploss: 1.8700
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Categories: Discretionary Trading
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September 10. 2010 13:41