Please take a look at the next chart:
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…
As long as the EURAUD trades below 1.5510 I will be looking for short opportunities.
All long opportunities will be ignored