EURAUD area of congestion
-4 Week rectangle developing
-Gun to my head, I would say I have a long bias. Ideally, I would like to see another 2 weeks within this range to give conviction to a buy or sell
Reasons to go long
-Trend is up
-Consolidation is taking place above November 2017 high
Reasons to go short
-One day out of line movement on the 19th July
-A rounding abbreviation of the high open/close of preceding candles
-Potential to be the right shoulder of a 37 week thus far H&S, However is a little abstract
Will monitor into the week and take a position on a daily close outside boundary and if R/R is above 3/1
20 to 30 basis points of risk planned
-Gun to my head, I would say I have a long bias. Ideally, I would like to see another 2 weeks within this range to give conviction to a buy or sell
Reasons to go long
-Trend is up
-Consolidation is taking place above November 2017 high
Reasons to go short
-One day out of line movement on the 19th July
-A rounding abbreviation of the high open/close of preceding candles
-Potential to be the right shoulder of a 37 week thus far H&S, However is a little abstract
Will monitor into the week and take a position on a daily close outside boundary and if R/R is above 3/1
20 to 30 basis points of risk planned
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.
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.