Euro / Australian Dollar
Long

EURAUD Long

90
EURAUD has been travelling in a channel to the upside.

Price has broken resistance at 1.64 , and retested this level .

Looking for a long entry

1. Entry - at 10 MAV

2. Stop - below support

3. Targets - many = channel resistance trendline, 1.27 fib extension , horizontal past major resistance.

RR at best 4.......

Price is likely to consolidate between 1.65 and 1.67, inside of channel before a move further up....

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.