Monday, November 12, 2012

EURAUD Fibo Long Trade EURAUD Long Trade
I am watching this setup from past few trading sessions. I went long at 1.2255 and still holding it. Details [here].

Currently price is at 50% fibo of its move from 1.1604-to-1.2823. Moreover the pair has put 8 daily losses, so it might be in for a pullback. Also on daily & H4 charts, looks like price trying to flatten. 

I opened one more long at current prices 1.2215. My average long price now is 1.2235. I am targeting for a move towards 1.2350.

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