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HayatoDragonFX

EURAUD, 4hr timeframe, buy on breakout of ranging area

Long
Euro / Australian Dollar (FX:EURAUD)  
HayatoDragonFX Updated   
FX:EURAUD   Euro / Australian Dollar
Trend Analysis Chart Patterns EURAUD euraudbuy euraudlong euraudanalysis euraudbreakout euraudsetup buy buysignal
5
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trendanalysis chartpattern euraud euraudbuy euraudlong euraudanalysis euraudbreakout euraudsetup buy buysignal
EURAUD moved insde the yellow box area for 2 weeks and today we finally see a soid close above he ranging area on the 4hr timeframe.

We could see price continue moving up to next resistace at 1.6550. A solid close above it will also open the possibility to go up until 1.6700 area.

We could try buying EURAUD on the retracement or retest of this ranging area.

Buy EURAUD 1.6380
Stop loss 1.6250
Take profit 1 @1.6510
Take profit 2 @1.6640
Take profit 3 @1.6770

Good luck
Comment:
buy position now active
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