EURAUD is trading in this well-defined down trend channel and has reached a strong demand zone.
Fundamental Analysis: The ECB is almost certain to hike 25bp on September 10; market pricing was around 99.2% before the weekend. More importantly, J.P. Morgan and BNP Paribas have just moved their forecasts to another December hike because of persistent energy inflation and resilient growth.
Eurozone inflation is 3.3%, while the economy isn't collapsing.
So EUR is Fundamentally and Technically Bullish. Moreover, many AUD pairs are currently at strong resistance levels (check AUDCHF, AUDCAD, AUDUSD etc) and I am expecting the Fundamental strength in EUR and technical weakness in AUD to push this pair higher in the well-defined parallel channel.
Disclaimer: This is for education purpose only and not a financial advice. Trading is high risk. Manage your risk and always trade responsibly.
Fundamental Analysis: The ECB is almost certain to hike 25bp on September 10; market pricing was around 99.2% before the weekend. More importantly, J.P. Morgan and BNP Paribas have just moved their forecasts to another December hike because of persistent energy inflation and resilient growth.
Eurozone inflation is 3.3%, while the economy isn't collapsing.
So EUR is Fundamentally and Technically Bullish. Moreover, many AUD pairs are currently at strong resistance levels (check AUDCHF, AUDCAD, AUDUSD etc) and I am expecting the Fundamental strength in EUR and technical weakness in AUD to push this pair higher in the well-defined parallel channel.
Disclaimer: This is for education purpose only and not a financial advice. Trading is high risk. Manage your risk and always trade responsibly.
交易進行
Going well, perfect entry.交易結束：目標達成
Another profitable trade. Well planned, well executed. Combined technical and fundamental (ECB rate hike) for this one. Loved it. 
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