EURAUD: Retail shorts attracted
Updated
Price did a rejection at the long term trendline at the start of this week, which is a sign of retail shorting the market.
I expect the price to go up higher using 1.5380 as the support level. We should see a bullish breakout sometime within the next few weeks.
EURAUD Long
Entry is valid as long as price is above 1.5380
SL: 1.5220
TP: 1.5900
I expect the price to go up higher using 1.5380 as the support level. We should see a bullish breakout sometime within the next few weeks.
EURAUD Long
Entry is valid as long as price is above 1.5380
SL: 1.5220
TP: 1.5900
Comment
We are running +100 pips in profit from our limit order at 1.5380. Stops should be moved to break even.
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