EURAUD - [OUTLOOK] TEST OF WEEKLY RESISTANCE POSSIBLE
Display:
EURAUD
Description: As shown above we
EURAUD
is Bullish having bounced off weekly support numerous times
price is trading within a symmetrical triangle, so we can likely expect a break out soon. If price breaks out and closes above 1.49000
then we should see Weekly resistance tested a break of the weekly may see prices of 1.50500 - 1.52000..
Indicators: 200 EMA Is currently above price on a breach of Weekly resistance we will likely see this tested.
Duration: Long Term
Decision: I will post an update however as shown on chart setup may look like this..
Thank you for viewing my idea. If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out.
Your also welcome to post you analysis below.
Remember to always trade your stratergy... Happy Trading
Update status
EURAUD
Description: As shown above we
EURAUD
is Bullish having bounced off weekly support numerous times price is trading within a symmetrical triangle, so we can likely expect a break out soon. If price breaks out and closes above 1.49000
then we should see Weekly resistance tested a break of the weekly may see prices of 1.50500 - 1.52000..
Indicators: 200 EMA Is currently above price on a breach of Weekly resistance we will likely see this tested.
Duration: Long Term
Decision: I will post an update however as shown on chart setup may look like this..
Thank you for viewing my idea. If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out.
Your also welcome to post you analysis below.
Remember to always trade your stratergy... Happy Trading
Update status
Comment:
Still Long if we i see an appropriate setup, DISREGARD previous PA
Trade active:
Entry covered
Trade closed: target reached:
TP 1 HIT STILL LONG FOR TP 2
Trade active:
Approaching TP 2
Trade closed: target reached
