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EURAUD H2: Accumulation // BUY LOW // TP +300 pips (SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect short-term
pullback before reversal later near 5400 (BULLS)
🔸 Summary and potential trade setup
::: EURAUD 2hour chart review outlook
::: accumulation in progress
::: RISK OFF Mode in global stocks
::: will boost EURAUD mid-term
::: expecting a strong bull run soon
::: after we complete throwback/pullback
::: into mid accumulation range 5400
::: recommended strategy: BUY LOW 6360
::: SL 60 pips TP1 +150 pips TP2 +300 pips
::: 5620/5700 strong resistance overhead
::: so expecting throwback from that level
::: BULLS should get ready to BUY LOW soon
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK
::: Sentiment outlook mid-term: STRONG BULLS
::: Global Sentiment: RISK OFF / will boost EA
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.