Price did a rejection at the long term trendline at the start of this week, which is a sign of retail shorting the market.
I expect the price to go up higher using 1.5380 as the support level. We should see a bullish breakout sometime within the next few weeks.
EURAUD Long
Entry is valid as long as price is above 1.5380
SL: 1.5220
TP: 1.5900
I expect the price to go up higher using 1.5380 as the support level. We should see a bullish breakout sometime within the next few weeks.
EURAUD Long
Entry is valid as long as price is above 1.5380
SL: 1.5220
TP: 1.5900
Note
We are running +100 pips in profit from our limit order at 1.5380. Stops should be moved to break even.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.