EURAUD Flag Formation - Buy Update Long

Euro Fx/Australian DollarFXCM

Description

⋅ Aug 3, 2020 12:27 AM

Flag formation on EURAUD, watch for a breakout shortly today into London session.

Please see my past ideas on EURAUD, this is a pair I will be buying up for the next few weeks.

Indicators:
1. Weekly RSI in buy zone
2. Upwards weekly channel and a strong bounce from bottom of channel
3. Higher highs, higher lows created

Entry
1. Bottom of Flag for aggressive entry
2. Support at 1.6375 area

TP 1: 1.6565 area
TP 2: 1.6770 area

Good luck!

Let me know if you have any questions.

Charles V
cvfxmanagement.com
@cvfxwealth
Trading made simple

Comment

⋅ Aug 3, 2020 2:18 PM

Flag broken upwards, if you entered at bottom of flag you are probably up 80-100 pips right now. Will reenter on retrace.