Fxprotrader
Long

EURAUD Buy Setup About To Complete

FX:EURAUD   Euro / Australian Dollar
Crystal clear buy setup in EURAUD             . Price has broken a resistance level with a sharp upmove and it's now retracing forming a correction. It will soon test a strong level formed from 0.618 fib level of the impulse which broke the resistance, a horizontal level and extremely close to the broken trendline .

If price reaches 0.618 fib level i am going long.

Key level:
snapshot

Good looking set up. A similar one exists on EURNZD although it is falling a bit too fast perhaps.
snapshot
Reply
Yes that's right.. Almost same setup..
Reply
With a 30 pip SL?
Reply
In my strategy yes, below the impulse..
+1 Reply
Very good mate.. Thanks for posting..!
+1 Reply
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