EURAUD – September 9th

I think it is time for a little counter-trend trade and the EURAUD is a good target for that as identified by the analysts over at Paxforex in their EURCAD trading recommendation. I picked up their work and my analysis comes to a similar conclusion. I have adjusted my entry levels a bit from their recommendation; I have my entry at 1.4300 with a second entry lower than that. I am not looking for too many pips here, maybe between 150 pips and 200 pips before I move on from this trade. Do your own due diligence before entering any trade.