EURAUD Long term longs, get in now or wait for pullbacks
Simple technical analysis here, price has been wallowing around these lows for a while and it's the bottom of the higher time frame channel, great opportunity to start buying here with great risk reward.
Buy now and hold or wait for pullbacks if you're more conservative. Not sure on targets, would hope for a 50% pullback at least or possibly higher but that's a long hold.
Buy now and hold or wait for pullbacks if you're more conservative. Not sure on targets, would hope for a 50% pullback at least or possibly higher but that's a long hold.
Note
Trade reached the first level, patience pays friends. Let's see if it continues on up, perhaps after a pullback but protect profits.
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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.