EURAUD SWING TRADE SETUP
Pair: EURAUD
The wait for a further drop to the downside continues as the pair seem to take some rest after several weeks of collapsing. However, on the long term in order not to contradict our SHORT bias, price is likely heading back to test the 1.52814 level and a bit further (in an attempt to take out SLs) before a reversal could happens. If it happens, there's a space of about 900 pips to my first level target 1.43385 (T1) and a 400 pips space between my first level target and my overall target 1.38000 (OT) to trade with.
Do well to smash the like and follow button on my profile if you find this information helpful.
DISCLAIMER
Trading is risky and I hereby make clear the fact that any info. posted here is of my personal opinion and not in any way a financial advice. I shall not take blames for your losses.
The wait for a further drop to the downside continues as the pair seem to take some rest after several weeks of collapsing. However, on the long term in order not to contradict our SHORT bias, price is likely heading back to test the 1.52814 level and a bit further (in an attempt to take out SLs) before a reversal could happens. If it happens, there's a space of about 900 pips to my first level target 1.43385 (T1) and a 400 pips space between my first level target and my overall target 1.38000 (OT) to trade with.
Do well to smash the like and follow button on my profile if you find this information helpful.
DISCLAIMER
Trading is risky and I hereby make clear the fact that any info. posted here is of my personal opinion and not in any way a financial advice. I shall not take blames for your losses.
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.