MarlyForex

EURAUD - [OUTLOOK] TEST OF WEEKLY RESISTANCE POSSIBLE

Long
MarlyForex Mis à jour   
FX:EURAUD   Euro / Dollar Australien
22
Display: EURAUD

Description: As shown above we EURAUD is Bullish having bounced off weekly support numerous times
price is trading within a symmetrical triangle, so we can likely expect a break out soon. If price breaks out and closes above 1.49000
then we should see Weekly resistance tested a break of the weekly may see prices of 1.50500 - 1.52000..


Indicators: 200 EMA Is currently above price on a breach of Weekly resistance we will likely see this tested.

Duration: Long Term

Decision: I will post an update however as shown on chart setup may look like this..

Thank you for viewing my idea. If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out.
Your also welcome to post you analysis below.

Remember to always trade your stratergy... Happy Trading
Update status
Commentaire:
Still Long if we i see an appropriate setup, DISREGARD previous PA
Transaction en cours:
Entry covered
Trade fermée: cible de profit atteinte:
TP 1 HIT STILL LONG FOR TP 2
Transaction en cours:
Approaching TP 2
Trade fermée: cible de profit atteinte

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.