EURAUD Long Position Update
On February 23, 2025, I initiated a long position on EUR/AUD at an entry price of 1.64185. As of March 4, 2025, the pair is trading at 1.6919, reflecting a gain of approximately 500 pips.
ECB.EUROPA.EU
Key Observations:
Trend Analysis: Since the entry date, EUR/AUD has exhibited a consistent upward trend, moving from 1.64185 to 1.6919.
Support Levels: The pair has maintained support above the 1.6600 mark, indicating sustained buying interest.
Resistance Levels: The pair is approaching the psychological resistance at 1.7000, which may present a challenge for further upward movement.
I had previously shared this trade setup before these gains materialized, highlighting the importance of thorough analysis and patience in trading.
Note: All trading activities involve inherent risks. Past performance does not guarantee future results.
On February 23, 2025, I initiated a long position on EUR/AUD at an entry price of 1.64185. As of March 4, 2025, the pair is trading at 1.6919, reflecting a gain of approximately 500 pips.
ECB.EUROPA.EU
Key Observations:
Trend Analysis: Since the entry date, EUR/AUD has exhibited a consistent upward trend, moving from 1.64185 to 1.6919.
Support Levels: The pair has maintained support above the 1.6600 mark, indicating sustained buying interest.
Resistance Levels: The pair is approaching the psychological resistance at 1.7000, which may present a challenge for further upward movement.
I had previously shared this trade setup before these gains materialized, highlighting the importance of thorough analysis and patience in trading.
Note: All trading activities involve inherent risks. Past performance does not guarantee future results.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.