EURAUD 6H Chart:
EURAUD 6H Chart [zoomed in]:
EURAUD 1H Chart:
Not one I usually trade, but Basing Pattern has potential.
It has been 'creeping down' since late July '10.
False Break of Support at 1.405,
and respected 1.40 Major Support Level.
[6H Chart has a Spring Candlestick]
1H Chart has a 'Loaded to Rally Pattern.
Upside Channel Resistance at ~1.425 Flag / ~1.435 Main Channel.
[I will probably Short AUDEUR 4pip spread with IG,
because EURAUD has 10 pip spread.]
Cheers,
U2
