:bulb: Trade Idea
📈 Buy Limit EUR/AUD @ 1.6207
:dart: Target Profit 1.6335
:octagonal_sign: Stop Loss 1.6143
:x: Do not risk more than 1% of your account on each trade
:slight_smile: Good Luck!
The daily support rejected the price twice, plus it posted a double bottom which indicates a high probability of a reversal. In addition, it manages to break the blue trendline. A lower correction is expected towards the neckline, then a move upward to the 1.6335 mark.
📈 Buy Limit EUR/AUD @ 1.6207
:dart: Target Profit 1.6335
:octagonal_sign: Stop Loss 1.6143
:x: Do not risk more than 1% of your account on each trade
:slight_smile: Good Luck!
The daily support rejected the price twice, plus it posted a double bottom which indicates a high probability of a reversal. In addition, it manages to break the blue trendline. A lower correction is expected towards the neckline, then a move upward to the 1.6335 mark.
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Related publications
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.