wait for buy EURAUD
A trading idea for the new day with EURAUD pair.
On the h4 frame, we see a bearish channel.
However, on the day and week frame there are signs of increase, if the candle on 11/8/2020 is the pinbar, we will prepare for a buying plan.
Wait for a break out of the h4 price channel and look for entry on smaller timeframes.
It also does not exclude the possibility that the price will continue to move in the bearish chanel on the h4 frame, but because the support is hit on the daily frame and the probability will go up. Therefore, I prefer buying strategy.
This is just my personal idea. Please consider it before you follow suit. I do not take any responsibility for your transaction.
Have a good day.
On the h4 frame, we see a bearish channel.
However, on the day and week frame there are signs of increase, if the candle on 11/8/2020 is the pinbar, we will prepare for a buying plan.
Wait for a break out of the h4 price channel and look for entry on smaller timeframes.
It also does not exclude the possibility that the price will continue to move in the bearish chanel on the h4 frame, but because the support is hit on the daily frame and the probability will go up. Therefore, I prefer buying strategy.
This is just my personal idea. Please consider it before you follow suit. I do not take any responsibility for your transaction.
Have a good day.
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.
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.