Trade Plan for EUR/AUD in a Bullish Trend:
Trade Objective: Exploit the ongoing bullish trend in EUR/AUD with a breakout strategy.
Follow Us for More: For additional trading insights, follow us.
Market Analysis:
Pair: EUR/AUD (Euro/Australian Dollar)
Timeframe: 1-hour (1H)
Market Condition: Strong bullish trend with no signs of reversal patterns or...
FUNDAMENTAL : RBA took foot off rate hike pedal , and ECB has been hawkish since lagard speaks.
TECHNICAL : I expect to retreat price from 38.2 to 50 fibo retracement and rise.
. so I'm LONG on EURAUD
please FOLLOW , LIKE , COMMENT
Buy: EUR / AUD
SL @ 1.33240
TP @ 1.34580
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
Leave comments or likes to keep our content free and alive.
Have a good week to everyone
It is not an investment recommendation
Short term sell. AUDUSD has encountered resistance and now is set to drop to then keep going up.
You can also long EURAUD, for the negative correlation.
