EURAUD: Weekly uptrend update

FX:EURAUD   Euro / Australian Dollar
217 5 15
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!

Trade closed: target reached

Just market buy and wait.

Confirming in 13 minutes.
I'm already long based on the daily though.
IvanLabrie PRO IvanLabrie
Got out prematurely, price action is volatile but might continue higher.


Entered a long here, 0.5% risk.
IvanLabrie PRO IvanLabrie
Got out for BE, bought back in now:


No tp for now, maybe partial tp to eliminate risk.
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