FX:EURAUD   Euro / Australian Dollar
187 5 22
Display: FX:EURAUD            

Description: As shown above we have EURAUD             . We are currently Bullish having bounced off Monthly Support
numerous times price is trading above the new Weekly Support above our previous symmetrical triangle, Im anticipating a
retracement to between the 61.8/0.50 FIB Outlined in BLUE i would set a long order with a close above that zone.

Indicators: 50 Smoothing out PA, 200 EMA Is currently below price & just above Weekly Support acting as magnetic Support Weekly resistance
also we have both EMA's heading north signalling price is still bullish .

Duration: Long Term

Decision: I will post an update however as shown on chart setup may look like this..

Thank you for viewing my idea. If you decide to take this trade,please leave a comment and a thumbs up. I will be happy to stay in touch to see how the setup is planning out.
Your also welcome to post you analysis below.

Remember to always trade your stratergy... Happy Trading
Comment: Trade Setup:
Entry: 1.50700
TP 1 : 1.52000
TP 2 : 1.53000
SL : 1.49300
Comment: close above 1.51000 will validate LONG
I'm going to be following this trade on both the down turn and up. Thanks for this Marly
MarlyForex Callaghanind
Great to hear! keep me updated & i Hope we catch this one :)
Callaghanind MarlyForex
I will for sure. and me to. Could use it after the Yen hit I just took. By any chance do you have an excel spreadsheet or know where I can get one so I can track all my trades and gain useful data from it. I'm fairly new in the trading game and looking for any help I can get. So thank you for the help with the trade and for any help you can provide in regards to a spread sheet.
MarlyForex Callaghanind
I will send you a personal message pal
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