EURAUD 1H - phaseline-break entry with 1:1 target

By Cryton_Capital
1D: Phaseline break long after doji-candle rejection of 1.52400 horizontal SR & USTL (upward-sloping trendline). Breakout also carried PA (price action) above 1D 50EMA.

Intraday: 4H Phaseline break long as well, with 1H pullback ending in low-test candle rejecting Pivot & .618 Fib.

Entry: After 5Min chart also has Phaseline break at Pivot (or just above) confirming the last timeframe needed for bullish bias for the next 24 hours.

1:1 RR
Candlestick AnalysisEURAUDphaselineSupport and ResistanceTechnical AnalysisTrend Lines

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