buy @ entrancement 157.54 /w stop loss @ 1.5724
Updated
buy @ 157.54 stop loss at 1.5724 (below 200 day moving avg at 4H chart)
- .236 retrace of Dec 2 low to dec 10th high, also is the .786 retrace of dec 6-8th.
- 4 lots - take two lots profit @ 1.5784 (also the dec high), let the other two lots run
- .236 retrace of Dec 2 low to dec 10th high, also is the .786 retrace of dec 6-8th.
- 4 lots - take two lots profit @ 1.5784 (also the dec high), let the other two lots run
Note
Nordea Market calling for 1.605 target in eur/aud to quote- "EUR/USD: The 1.13 handle seems re-installed as the anchor of the pair and as we see a decent chance of rebound in the Euro area PMI this week, we think the short-term outlook for the EUR is starting to look a little more constructive. Due to the usual strong USD into year-end we opt to reflect our more constructive EUR view via long EUR/AUD targeting 1.6050."e-markets.nordea.com/api/research/attachment/78350
Note
trade valid until Wednesday, Thursday is MDD Mario Draghi Day.
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