woodgrayson

EURAUD New pair analysis

FX:EURAUD   Euro / Dollar Australien
was working on this analysis awhile. Honestly after plotting trend lines and S&R I was having a hard time finding any REAL pattern, but based off market patterns I've seen before, as well as the EMA's its looking like a short consolidation and more rise to either the macro downtrend line and then more drop, OR rise up over the potential new uptrend line. keep an eye out. I put a 0.25 trade on demo with this markup for the rise. entered at 1.50564, TP set for 1.51000, SL will be set at 1.50200


*This is NOT a trade signal. I am still learning to analyze charts an am using these notes as my personal journal through my journey*
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