piphunters
Long

EURAUD: Buy Opportunity - best trade for next week

FX:EURAUD   Euro Fx/Australian Dollar
780 6 24
The pair is inside a large corrective structure in the daily, weekly and monthly time frames, currently sitting at the bottom of this structure. I would be looking for the proper buy setup materialize in the lower time frames to enter long and expect to reach the top of the structure within a week or two.

Note: This is a highly volatile pair and an intraday move down may have a couple hundred pips and can look like a break down and bring panic for the novice trader, it's advised not to go long until you identify the buy setup and validate your entry.


IMPORTANT: The setups posted here are not trade calls or signals and are intended for informative purpose only and you should use your own strategy to determine entries and exits. They reflect my general view of the market and does not mean you should take the trades without a proper trading plan or strategy, If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
If you would like to get all my setups together with exact entries and exits with please visit www.thepiphunter.com and subscribe.
arif_awan
3 months ago
Great risk reward trade!!!
+1 Reply
piphunters arif_awan
3 months ago
yes! definitely trade of the year if it's working out as so.
Reply
lovymaan20
3 months ago
can i now enter in BUY postion and tp is 1.5200+ ?
Reply
Gambit24
3 months ago
It Broke, however the hits on that Strong support are kind of messy, worst case, it hits that low from November last year 143.785, or It's all up from here. What do you think? Time to long?
Reply
presidenturnerv Gambit24
3 months ago
it broke but has not closed below yet
Reply
piphunters Gambit24
3 months ago
would need confirmation, if we are getting a strong AUD this pair may well go down
Reply
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