It seems like the time is finally right to buy into EURAUD.
There's a 4h downtrend signal time expiration after this bar's close, as well as a relevant level of technical confluence:
I will have no TP, and will watch the hourly chart for entry, but you could enter now with a wide stop and average the entry as well.
Good luck,
Ivan.
There's a 4h downtrend signal time expiration after this bar's close, as well as a relevant level of technical confluence:
- Fibonacci 0.382 retracement of previous impulse
- Range expansion support
- Low volume profile support
- Correlation to gold: Australian dollar will suffer, gold breached the weekly mode down, so it's probable to see AUD weaken.
I will have no TP, and will watch the hourly chart for entry, but you could enter now with a wide stop and average the entry as well.
Good luck,
Ivan.
Trade fermée: ordre d’arrêt atteint
