EURAUD trade idea off the 1 hour and daily.
Price approached our demand zone in a corrective manner and hence we expect to see an impulsive move to the upside. if the top of the channel is broken, we go long about 10 pips above channel breach.
We might have a slight pull back before the actual move so its best to get confirmation for no reversals back to the demand zone before entering the trade.
We might have a slight pull back before the actual move so its best to get confirmation for no reversals back to the demand zone before entering the trade.
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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.