EURAUD TO LONG
Updated
EURAUD formed a continuous pattern showing that the pair will be bullish for the time, in respect to this I expect a retrace to the 50 Exponential moving average and then buy towards the next four hours high as the take profit zone.
Trade active
Our analysis was a good and we saw how price retest our area as it formed a inverse head and shoulder pattern and now we have a high target of the high of the flag pattern, we look to retest the 50EMA and buy to the highs of 1.66740Trade active
Price is currently at our point of interest and now our target is 1.66050 and no longer 1.66740, all we have to wait for are entry signals to buy
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