tom_mok

EURAUD 2618 Trade Setup

Long
FX:EURAUD   Euro / Australian Dollar
price complete double bottom and RSI shown bullish divergent, so we can expect reversal from this.
find 61.8 level pullback to catch 2618 trade setup.
61.8 level will also retesting structure support .
find best entry on smaller timeframe when price touch that level
Comment: touch and go

1st take profit has reached.
take some profit and let the rest running
Patternception

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Comments

Nice one Tom!
+1 Reply
tom_mok Wicktator
@Wicktator, thanks dude :)
Reply
Good job mate
+1 Reply
tom_mok Dave-FX-Hunter
@Dave-FX-Hunter, thanks mate :)
Reply
Great work once again, Tom! I’m on a EUR sell myself currently and 0.618 is frequently a good point for retracement completion, we’ll be looking to buy from around there. Thanks for sharing!
Reply
tom_mok Investroyllc
@Investroyllc, thanks dude. hope we can get it
+1 Reply
@tom_mok, Safe trades! Another interesting scenario will be if doesn't retrace and goes all the way down to 1.56ish, then back to 1.577creating a nice right shoulder before a bullish breakout!
Reply
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