EURAUD - Keep move in the rising price channel (1W)!
Overview:
- 1W frame: The uptrend started in late July 2012 and shows no signs of stopping. The current price is hitting the support of this bullish channel - 1.57$
- 1D frame: The downtrend started in mid-March 2020 and is accumulating at the bottom of the channel. Divergence signals appear when the price goes against the direction of the MACD line (3 peaks confirmed).
I anticipate this pair to rise in price this year and next.
Target: 1.85$
Above is my personal opinion, I do not encourage anyone to follow suit, please manage your money, Good luck!
Xin Liar
- 1W frame: The uptrend started in late July 2012 and shows no signs of stopping. The current price is hitting the support of this bullish channel - 1.57$
- 1D frame: The downtrend started in mid-March 2020 and is accumulating at the bottom of the channel. Divergence signals appear when the price goes against the direction of the MACD line (3 peaks confirmed).
I anticipate this pair to rise in price this year and next.
Target: 1.85$
Above is my personal opinion, I do not encourage anyone to follow suit, please manage your money, Good luck!
Xin Liar
Trade active:
I am reviewing this pair on the weekly frame with a long-term trading strategy, everything is going pretty well.
If you refer to smaller timeframes such as 4H, some sell signals have appeared, but it is a bear trap in my opinion.
If you refer to smaller timeframes such as 4H, some sell signals have appeared, but it is a bear trap in my opinion.
Trade active:
I am waiting for the opportunity to buy even more under $ 1.53