The EURAUD had been on an extensive bullish run which came to a halt as price failed to trade above the 1.4750 Psychlogical level, which was followed by a break of that zone on its way down. This created a new bearish bias therefore Price Action sell setups would be sort on retracements back towards the psychological level or on a break of the Demand Zone at about the 1.4300 Psychological level. What ever be the case the bias now is bearish but we will be calm and wait for the suitable price action setups to trade this bearish break.
Subscribe to my Trade Room or my Mentor Programme or my Price Action Course to experience the simplicity of trading Price Action with me.
No comments:
Post a Comment