EURAUD - long trade idea
Updated
EURAUD
My perspective on EURAUD
Daliy - There is an overall uptrend. Price came back to a bigger correction, and the previous week show a lot of bullish momentum.
4 hour - We can see an uptrend, which broke a major structure level. The pullback is started so we have to wait for the momentum loss and also the candlestick formation at the 20 or 50 EMA and the structure level.
My perspective on EURAUD
Daliy - There is an overall uptrend. Price came back to a bigger correction, and the previous week show a lot of bullish momentum.
4 hour - We can see an uptrend, which broke a major structure level. The pullback is started so we have to wait for the momentum loss and also the candlestick formation at the 20 or 50 EMA and the structure level.
Trade active
Engulfing candlestick was a good entry.Trade closed: target reached
SL: 1.67266ENTRY: 1.67720
TP: 1.68400
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