MountainTraderFX

EUR_AUD ON KEY LEVEL|TRADING PLAN BREAKDOWN

Long
FX:EURAUD   Euro / Australian Dollar
EUR_AUD is trading above the broken key level, while also respecting a diagonal support.
So the target trade is a long.
For us to enter a long, we need the small downward channel resistance breakout confirmed, a pullback and then depending on your trading style a straight long or waiting for the pair to provide you with some additional local structure or the pair going lower to improve risk reward.

The objective target is the previous higher high, and the absolute max target is the presumed resistance line extension crossing.

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Comments



same view
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Solid view, buddy!
What do you think about my analysis?
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MountainTraderFX VasilyPonomarev
@VasilyPonomarev, great, as always! thanks for sharing. And you are as bullish as I am so, lets wait!
Reply
very informative and same view
Reply
@PipsMade, thank you! I appreciate!
Reply
I appreciate your feedback and support!
Reply
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