EURAUD Long
Note
-EURAUD at the bottom of longterm uptrend channel which has been respected multiple times.
-EURAUD showing intraday price rejection (long daily wick) by forming a reversal candle (Pinbar/Spinning top/Indecision) AT SUPPORT and CHANNEL
-Other EURXXX pairs showing signs of reversal as well
-Stochastic severely oversold at support
-Lower time frames (4H) showing bullish divergence on oscillators
Entry
-Above highs of daily candle
Stop
-Below lows of daily candle
Target
-2 times stop
Risk Management
-Risk 1% to 2%
-Ratio: 2:1
-EURAUD at the bottom of longterm uptrend channel which has been respected multiple times.
-EURAUD showing intraday price rejection (long daily wick) by forming a reversal candle (Pinbar/Spinning top/Indecision) AT SUPPORT and CHANNEL
-Other EURXXX pairs showing signs of reversal as well
-Stochastic severely oversold at support
-Lower time frames (4H) showing bullish divergence on oscillators
Entry
-Above highs of daily candle
Stop
-Below lows of daily candle
Target
-2 times stop
Risk Management
-Risk 1% to 2%
-Ratio: 2:1
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.