EURAUD: Where is the next LT support lvl?

Please take a look at the next chart:

EURAUD
EURAUD

The EURAUD is in a clear bearish market condition, but where is the next LT support level? (Where we are supposed to set our TP orders). Well, we need go back to June 2000 in order to get the next level, so I guess we net to get it from the monthly chart…

My Plan:

As long as the EURAUD trades below 1.5510 I will be looking for short opportunities.

All long opportunities will be ignored

Trade Safe!
Raul Lopez

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .