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Akil_Stokes

EURAUD: Got the breakout, now Looking for the pullback

Long
Euro / Australian Dollar (FX:EURAUD)  
Akil_Stokes Wizard  
FX:EURAUD   Euro / Australian Dollar
EURAUD pullbackbuy pullbacktrade pullbacks retracement retracements Bat patterntrading Harmonic Patterns structuretrading structure-trade structure support Support and Resistance breakout Flag retesting akil_stokes akil ilovetrading
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euraud pullbackbuy pullbacktrade pullbacks retracement retracements batpattern patterntrading harmonicpatterns structuretrading structure-trade structure support supportandresistance breakout flagpattern retesting akil_stokes akil ilovetrading
Although I don’t day trade on Monday’s I have a handful of pairs on my radar for my swing trading portfolio. Multiple patterns on the EURUSD, a few setups on USDJPY, NZDUSD and of course the chart above on EURAUD.

We were watching this pair last week for the bullish breakout and now that we’ve gotten it, the next chance to hop on would be at a pullback. Looking on the hourly we also have a potential bullish bat pattern setting up as well which lines up with what my top down analysis is telling me.

If the buyers want to maintain control over this pair then we shouldn’t see a dip below that 1.48 level as that even handled number would be a cheap price to reinvest.

I’m expecting a busy week in the markets so be careful out there. Lots of news coming out, especially between Tuesday & Wednesday.

Good luck this week traders and if you didn’t get a chance to this weekend, make sure you check out my latest YouTube video talking about market Psychology & why we see the movements that we do.
www.youtube.com/playlist?list=PL3pk...

Akil Stokes
Chief Currency Analyst
www.TradeEmpowered.com
Akil@Tradeempowered.com /@AkilStokesRTM / Forex Weekend Review Videos:

"The Trading Coach Podcast" - Available on your favorite podcasting app!
anchor.fm/thetradingcoachpodcast
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