EURAUD - staying out for the moment.
EURAUD is a pair that from my experience has many surprises. This is just based on long experience of understanding the 'personality' of this pair.
I also know that there is a probable move south on stockmarkets which the Aussie tends to follow. The EURO took a beating last week, so punters are likely to try for a 'good deal'. So if both happen, EURAUD has some probability of moving north on my favoured time frames.
Whilst on the weekly (which I don't trade), the picture suggests probability of travel south, on my favoured lower time frames it looks doubtful.
I cannot find a sound entry position, so I'm happy to be left behind if the markets moves further south. Missing out is fine, cuz I'd have lost nothing! And in a 'game' where 80-90% of traders lose money, if I have missed and not lost anything then I'm winning! :))
I also know that there is a probable move south on stockmarkets which the Aussie tends to follow. The EURO took a beating last week, so punters are likely to try for a 'good deal'. So if both happen, EURAUD has some probability of moving north on my favoured time frames.
Whilst on the weekly (which I don't trade), the picture suggests probability of travel south, on my favoured lower time frames it looks doubtful.
I cannot find a sound entry position, so I'm happy to be left behind if the markets moves further south. Missing out is fine, cuz I'd have lost nothing! And in a 'game' where 80-90% of traders lose money, if I have missed and not lost anything then I'm winning! :))
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.