IvanLabrie
Long

EURAUD: Weekly uptrend update

FX:EURAUD   Euro Fx/Australian Dollar
212 5 13
2 years ago
EURAUD             has given us bullish signals in the 4h and daily timeframes and now has closed its fifth week without a new low, while being above the weekly mode.
This gives credence to the idea of a strong uptrend in the making here.
I cloned the rally before the big sideways correction, and plotted a lowest high/highest low channel to illustrate my point better. Keep in mind trading decisions aren't made using those tools, since I consider them as not that reliable or objective, but a good thing to add for perspective.
I'm looking to buy a correction in the daily or 4h, as low as possible, to then let it sit for at least 6 weeks holding the remaining position. I usually close certain trades at 0..

Good luck!

Ivan.
a year ago
Trade closed: target reached
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
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Entered a long here, 0.5% risk.
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IvanLabrie TOP IvanLabrie
a year ago
Got out for BE, bought back in now:

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No tp for now, maybe partial tp to eliminate risk.
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Confirming in 13 minutes.
I'm already long based on the daily though.
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IvanLabrie TOP IvanLabrie
a year ago
Got out prematurely, price action is volatile but might continue higher.

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Just market buy and wait.
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