EURAUD 4H LONG

EURAUD 4H LONG Set Up

What are we expecting?

- EUR Strength -AUD weakness = EURAUD LONG Trades.

What is our confirmation?

- Price has bounced off our fib level 0.50% and wicked the previous highs.
- Now we want to see price once again bounce of our key major trendline to take furthermore long set ups with this pair.
- AUDWCU INDEX Weakness

Where shall we enter?

- We can enter a safe position once we see price respect the major trendline for added confirmation.
- I have also highlighted the importance blue structure level for price to trade above so our wave count is correct.
Once entered where will our SL BE?

- SL will be above structure for safe SL

Targets?

- 0.27 Fib levels for targets.