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Euro / Australian Dollar
Long

Buying EURAUD

By BACapitalManagement
Updated
Price action has nearly returned to the 1.523 area. I am now looking for bullish candles on the daily time frame. If I get a bull candle, I will be placing buy limit orders at previous levels on the 1H time frame in an attempt to get in on a pull back.
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I'm a little late to the game. A couple bull candles have been painted. Let's take a look at the 1H now.
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5/30 the first bull candle was printed. Once the market closed for the day I would be placing buy limit orders at previous levels on the 1H.

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5/31 gave us another daily bull candle. I placed buy limit orders at previous levels on the 1H once the market closed for the day.

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Bull candle posted on the daily time frame.

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Rough look at entries and stop losses on 1H time frame.


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audBullish PatternsbuyCandlestick AnalysisEUREURAUDLONGMultiple Time Frame AnalysisSupport and Resistance

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