Last week 
EURAUD rallied 600+ pips to 1.4960+/-. Since then price action declined 200 pips +/- for an approximate 1/3 retracement of the rally waiting for price action buy signal at/near lower trend line to get long. If we see gradual slow correction I will look to buy near the lowest point then add to position at close above upper trend line with 1.5100/1.5250 as my targets.
EURAUD rallied 600+ pips to 1.4960+/-. Since then price action declined 200 pips +/- for an approximate 1/3 retracement of the rally waiting for price action buy signal at/near lower trend line to get long. If we see gradual slow correction I will look to buy near the lowest point then add to position at close above upper trend line with 1.5100/1.5250 as my targets.
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You can join our trading room for discussions and trade ideas here t.me/joinchat/52U60lKjUopiOTBh
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.