Eur/Aud Long Idea
Updated
We recently witnessed a massive daily bullish engulfing candlestick rejecting monthly support 1.5800 and fully reversing out of its bearish trend (as price broke past the last lower high of the bearish trend. We have now had a nice correction for what would be another nice bullish leg to the upside to create a new higher high at our -0.27 fibonacci extension target which is in nice alignment with our next lower high to be taken out in and around the 1.6150 region. Entry at our 61.8 fib retracement which is in nice alignment with key dynamic and static support. Let's get it.
Note
+30 pips congrats guys!Stops to breakeven when we get a strong bullish break of counter trendline
Lot more pips to catch
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