EUR/AUD: Buying @ market price

By SwissPips
Updated
The pair is supported by a nice parabolic curve which has shown multiple supports over the last days.

This morning we have broken a structure to the upside, indicating buyers are in.

We have a confluence area (2 or more fib levels) which is also the former top, and this will be my today's target, around 1.63800 levels

Check out the ZOOM below to understand what happened.

Trade at your own risk

Comment
Zoom on M15

snapshot
Comment
snapshot
Trade closed: stop reached
The pair dropped too much, I'm out of the trade
audBullish PatternsbuyChart PatternsEUREURAUDForexpatternpriceTrend Analysis

Related publications

Disclaimer