EUR/AUD: Buy Order Place in the smart zone
Updated
Euro/Australian Dollar look bullish as the same like Euro/Canadian Dollar. They've a lot correlation.
but technically, Euro its's look bullish in front of Aussie. What I will put a buy order place to $1.4444 AUD. Stop Loss to $1.4395 AUD. And take profit to $1.4623 AUD.
This it's an opportunity of 181 pips.
But now, it's very important to identify the smart point to put a buy order place and not now as we could to see the following movement in the blue arrow as example and model to watch in the next hours.
But we hope this trade that activate our target.
We see a bearish channel, but we're in the bullish side, but now, we can to use our resistance line and in other way we see the same situation that price want to react in it.
So guys, I hope that this idea support your technical analysis,
and beware, we're in the clearly bullish side, and not bearish as I thinking in the monring.
but technically, Euro its's look bullish in front of Aussie. What I will put a buy order place to $1.4444 AUD. Stop Loss to $1.4395 AUD. And take profit to $1.4623 AUD.
This it's an opportunity of 181 pips.
But now, it's very important to identify the smart point to put a buy order place and not now as we could to see the following movement in the blue arrow as example and model to watch in the next hours.
But we hope this trade that activate our target.
We see a bearish channel, but we're in the bullish side, but now, we can to use our resistance line and in other way we see the same situation that price want to react in it.
So guys, I hope that this idea support your technical analysis,
and beware, we're in the clearly bullish side, and not bearish as I thinking in the monring.
Note
Ok, at the moment, we're ok. I put a break even, At the moment, I have 170 pips in profit.
I fixed my target to $1.4700 AUD. Because I read today that Eurozone could to strenght the interest rate, what we see a bullish perspective that we would to get this oopporutity.
So, we have the European Consumer Price Index and Germany Unemployment Change, but mroe important it's the Consumer Price, what if turn positive, Euro could to climb up and also the expectative what Eurozone do, could look optimistic in short term.
Trade closed: target reached
We get 257 pips or 18.04% earned in profit. This was a nice trade in this week what I fount out.
At the moment, my account in this month grow up 9.41% in this month with EUR/AUD
I have left 10.59% more to rit my goal of 20%.
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