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EURAUD 30 Minute Chart Analysis
Hello traders good to be back with you. We have made a minor change as we have moved our trading chart to the 30 minute I feel we can get some better entry on this time frame. Ok let us take a look at what we have As you look at the chart it is obvious that the pair is bullish. So I placed a Fibonacci tool on the chart and am looking to sell this. Price is at a level that closed below the 50 ema. As I am writing this I just noted it is pulling back however still below the MA. I would like to see this come down to the 38.2 price level at 1.3930 and look to buy this with a bullish candle formation. We will will look to take profit at the 161.8 extension price level at 1.4110. This to me looks like a NY session trade as I am doing this post during London lunch. Thank you traders Talk Soon…….William
Source: http://www.fxinstructor.com/blog/euraud-30-minute-chart-analysis
