jojofang0901

EURAUD BUY THE BREAKOUT

Long
FX_IDC:EURAUD   Euro / Australian Dollar
Hi everyone:

EURAUD has been consolidated since it hits the key resistance area of 1.4930 for a week now. It is consolidated because the price action is trying to breakout of the resistance trend line . Today we finally see some bullish momentum, breaking out of the trendline, and breaks out of the bullish flag pattern on the higher time frame. Potential targets are the recent highs of the daily price action.

Thank you for your support and feedback.

JoJo

Comment: Here is the daily chart:
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Comments

Can I take this long trade and put a dp of 30pips?
Reply
FaizRabo FaizRabo
Put SL at 30pips??
Reply
@FaizRabo, my entry is at 1.4930 with 50 pips, if you want to have a tighter SL just be careful of the spread. Cheers
Reply
FaizRabo jojofang0901
@jojofang0901, tnx but cldnt take it I noticed the price movement on ur analysis is still in play.... closing on tp1 soon?
Reply
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