EURAUD Possible Short Term Long Setup In Progress
Hello Traders,
EURAUD is in an intact weekly downtrend. However, the pair broke a significant daily trendline, which structure ways could tell us that we can see more correction to the upside within its short trend.
If we see a nice breakout structure well gonna buy the pair out of its consolidation pattern.
As off for right now we still wait for the pair to create a nice buy setup. If we see a good pattern we will update you.
Our analysis will give you just a sense of market direction. These are no trade calls rather than just our own opinion. Trade with care and always use a stop loss while trading.
Cheers
EURAUD is in an intact weekly downtrend. However, the pair broke a significant daily trendline, which structure ways could tell us that we can see more correction to the upside within its short trend.
If we see a nice breakout structure well gonna buy the pair out of its consolidation pattern.
As off for right now we still wait for the pair to create a nice buy setup. If we see a good pattern we will update you.
Our analysis will give you just a sense of market direction. These are no trade calls rather than just our own opinion. Trade with care and always use a stop loss while trading.
Cheers
Trade active:
We entered the market in a lower time frame and the stop loss is now already at breakeven.
Trade closed: target reached:
Target was hit.
