Potential pullback
Updated
Hey traders! Today I am looking for EURAUD long. Daily timeframe - clear trend to the downside. According to the nature of the market - the next what will happen is a correction. I found some good resistance at 1.5800. So according to the Fibo - it is also very good and strong level. Keep you updated on this one
Note
Udpate - Potential pullback starts to form. We formed a huge impulse on the 1H timeframe and already broke the MA50. Massive signal for us!Note
Update - Very strong impulse to the downside on the daily timeframe. As I expect we will get that reversal and my target is still 1.5800. But once I wrote it - we got another impulse to the downside. And yeah, I hit the SL on this one (1%) so now I see the good trend reversal is coming especially on the lower timeframe (h4 and h1) we already get first impulse to the upside.Note
This pair is all the way up to our target. Lower timeframes looks very good. We got a solid breakout of our MA50 on 4H timeframe, so now NO open trades for me just because of the NFP today. Very very solid and "bullish" trading week for me.Note
Update - there is important question - will we get the spike to the 1.5800 level? lolThere is a high chance for me as we didn't get the last wave of Elliot (the 5th wave) So let's see
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