Euro / Australian DollarUpdated EURAUD - Buy The Breakout! ✅
EURAUD is currently within a channel. It's appearing as a 535 zigzag and we're anticipating a breakout soon.
Safe entry will be break of the red trendline. Risk entry will be bounce off channel or a lower timeframe trendline breakout.
We'll be targeting the fib levels but it could fall short or go past the fib so we'll be taking a cautionary approach to our targets.
Trade idea:
- Entry on red trendline break (safe entry)
- Risk entry on bounce off channel or lower timeframe trendline break
- Target: 1.67 (600pips), 1.685 (750pips)
Be sure to taper positions as we move higher.
Goodluck and as always, trade safe!
See our previous setup below:
Safe entry will be break of the red trendline. Risk entry will be bounce off channel or a lower timeframe trendline breakout.
We'll be targeting the fib levels but it could fall short or go past the fib so we'll be taking a cautionary approach to our targets.
Trade idea:
- Entry on red trendline break (safe entry)
- Risk entry on bounce off channel or lower timeframe trendline break
- Target: 1.67 (600pips), 1.685 (750pips)
Be sure to taper positions as we move higher.
Goodluck and as always, trade safe!
See our previous setup below:
Note
Running +450pips Note
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Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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.
Want more chart ups like this? Click the links below:
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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.