EURAUD has hit up trend line on daily chart with RSI lining up nicely.
Look for the following reversal confirmations:
1. Down trend line break north
2. Higher highs with break above 1.6223
Buy entry @ back side of down trend line.
Remember risk management, risk at most 5% of account split across multiple entry points.
TP @ 1.6400
Good luck trading!
Let me know how I can help.
Charles V
cvfxmanagement.com
cvfxwealth
Trading made Simple
Look for the following reversal confirmations:
1. Down trend line break north
2. Higher highs with break above 1.6223
Buy entry @ back side of down trend line.
Remember risk management, risk at most 5% of account split across multiple entry points.
TP @ 1.6400
Good luck trading!
Let me know how I can help.
Charles V
cvfxmanagement.com
cvfxwealth
Trading made Simple
Note
Both confirmations have been met. Look to the north side.I will be adding additional entry at 1.6200 area.
Target 1.64 to 1.6450 (estimated 4-5 days)
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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.