Optimum369

20 Reasons for Buy EURAUD

Long
FX:EURAUD   Euro / Australian Dollar
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1 ✨Eagle eye: Yearly Market is sideways. Both sides have imbalance areas, but most markets' sentiments are bullish
2 📆Monthly: market structure is bullish, and the current move is corrective, but now the market also changes character with the previous break
3 📅Weekly: a strong up move now makes a clear retest on weekly FVG and CIP, ready for another bullish impulse move
4 🕛Daily: previous retest support and bullish order block prepared for an impulse move

😇7 Dimension analysis
🟢 analysis time frame: daily
5: 1 Price Structure: bullish
6: 2 Pattern Candle Chart: panic bottom flag
7: 3 Volume: Heavy volume on bull candles
8: 4 Momentum UNCONVENTIONAL Rsi: Sideways middle bull phase
9: 5 Volatility measure Bollinger bands: Not supporting
10: 6 Strength ADX: full sideways
11: 7 Sentiment ROC: Eur is at full strength right now

✔️ Entry Time Frame: H4
12: Entry TF Structure: Bull to sideways
13: entry move: impulsive
14: Support resistance base: mid-order block support
15: FIB: discount price support

☑️ final comments: buy
16: 💡decision: buy right now
17: 🚀Entry: 1.5601
18: ✋Stop losel:1.5400
19: 🎯Take profit:1.6500
20: 😊Risk to reward Ratio: 1:5
🕛 Excepted Duration: 1 month

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