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ForecastCity
May 11, 2020 3:23 PM

Don't miss the great buy opportunity in EURAUD Long

Euro Fx/Australian DollarFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.664). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURAUD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.

Take Profits:
TP1= @ 1.6876
TP2= @ 1.7010
TP3= @ 1.7315

SL= Break below S2
Comments
MasterChef23
Wow, spot on man, I charted mine yesterday but you're right should take profit at that first take profit position. in than buy back in when needed to. Great call out!
ForecastCity
@Jsada, thanks 🙏.
Kamryn
Great work!
ForecastCity
@Kamryn, Thank you
Kristalyn
Nice idea
ForecastCity
@Kristalyn, Thanks
Forecast_Crypto
;-)
ForecastCity
Pro_Trader_007
keep it up!
ForecastCity
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