Long trading opportunity on EURAUD
Hi guys,
as you can see price is now testing a key resistance zone that in the past stopped the price from rising. Now it could turn into support for the new uptrend: therefore, i've lowered my timeframe and entered with a stops below the low, because you can see there's a small double bottom with RSI divergence and engulfing candle. Targets as shown.
If you have any question/doubt, feel free to ask.
Otherwise, see you in the next chart!
as you can see price is now testing a key resistance zone that in the past stopped the price from rising. Now it could turn into support for the new uptrend: therefore, i've lowered my timeframe and entered with a stops below the low, because you can see there's a small double bottom with RSI divergence and engulfing candle. Targets as shown.
If you have any question/doubt, feel free to ask.
Otherwise, see you in the next chart!
Trade closed: target reached
First target hit! Stops to breakeven!
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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.