EURAUD | Perspective for the new week

Going into the new week; we might be expecting the confirmation of a reversal structure to tend towards a bullish momentum but the multiple rejections of 1.49 during the course of last week's trading session could be giving us a clue into the strength of the sellers at this juncture in the market without ignoring the potential of the Aussie against the Euro since February 2022.

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Comment:

We anticipate selling re-entry at rejection of bearish trendline

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UPDATE
Added two more pending orders

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Trade active:

All 5 positions activated with over 250pips running in profit: we want to move our respective stop-losses accordingly to minimize risk exposure

Comment:

OVer 550pips running in profit (5 positions); we want to move stop loss to the 5th entry price