EURAUD - Bullish Breakout Of The Range?
Updated
Analysis:
Bullish Confluence Factors
Neutral Confluence Factors
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Bullish Confluence Factors
- Upwards trend
- Break and retest of a previous area of resistance for support
- 38.2% fib retracement level
- In an upwards channel
- Longer term upwards trendline present
- EUR is the strongest major currency whereas the AUD is the 7th strongest major currency
- 2K short position increase for the AUD
Neutral Confluence Factors
- Neutral decrease in positions both long and short for the EUR
Stay Safe - The JPI Team
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Trade active
Our entry criteria has been met and our order has been filled. We are long on this pair expecting to see the EUR continue with the strength that it has and push price higher.Trade closed: stop reached
Trade Closed
(-1R) Lost
After Trade Comments:
This was a tough one for us as price didn't actually stop us out and if we were still in this trade now then it would be running in good profit. We got stopped out on this trade due to the crossover spread between the days which is unfortunate. This happens sometimes and whilst it's annoying, it's also just part of trading. This is something that as a trader you need to accept happens and move on with. As always lets now dwell on our closed trades but instead look for the next one to catch!
Stay Safe - The JPI Team
Disclaimer
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