Eur/aud

[Mysticforex 13]

EUR/AUD has been overbought for quite some time now. We have several missed weekly pivots as well, and some serious divergenge on the MACD. If we see a SOLID close below the 62 EMA ( the red moving average ) I am going short. Move Stop Loss to BE at 15300 and a final Take profit target of 115050

Edited December 19, 2013 by Mysticforex

[Mysticforex 13]

This trade has opened for me and is doing nicely. I got in shortly after posting the above post.

I am currently up 87 Pips and have moved my Stop to BE.

[Mysticforex 13]

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Still looking good. On our way to this week's weekly pivot.

[Mysticforex 13]

This trade has been nice to me. But, it is Xmas Week after all.so I am closing it out.

Holidays weeks such as this, either nothing happens, or very strange things happens

I probably won't be doing any trading or the rest of the year.

[Mysticforex 13]

The EUR/AUD has downside support at the 1.4775 level but if that does not hold then 1.4500 could come into view. Meanwhile 1.5000 caps the upside, but a break above that figure could take the pair towards 1.5200 as the strong bottom develops.