We're following the EURAUD on the 1H chart, the trend and momentum are clearly bullish, and we're looking to buy the pair at a correction into a point of confluence between the ascending trend-line, the 50% fib of the up move, and the horizontal support and resistance area. Our stop will be just below this point of confluence, and our target is at a minimum the recent swing high.
Comments
DaveCee
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IF you look at the daily chart, I think the candle on the 11th marks a strong reversel as we seen a strong resistance!