EURAUD Long and Short Opportunities

FX:EURAUD   Euro / Australian Dollar
On 17th June 2019, the price moved to 2nd Highest Highs... and then the market changed its direction with full speed upto psyclogical level @ 1.6000.
After such huge movements up and down, Now it may take some rest between 1.6260 - 1.6360 - 1.6400 areas.... During this rest of the market we have both bulls and bears fighting...

Bullish Scenario
  • Let the market move down till 1.6263 and upon candlestick confirmation, we will go Bullish on H4 Time frame.
  • If the market didn't give us confirmation and get retracement from 1.6263 area then we have to wait for the price to come, retrace and give us candlestick-confirmation @1.6093 for another Bullish opportunity.

Bearish Scenarios
  • Let the market break and retrace 1.6300 - 1.6260 area. Then wait for the market to retouch the current Market price @1.6360 or 1.6392.
  • Even if the price stays above 1.6392 then we have to wait for the price to come @ 1.6392 again and upon candlestick pattern on H4 time frame we will look for bearish opportunity.
Stay tuned with us... This week may be a good week for trade in this pair.

Order cancelled: Bias changed to totally Bullish


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