Description: As shown above we have EURAUD . We are currently 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 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 .
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
TP 1 : 1.52000
TP 2 : 1.53000
SL : 1.49300