EURAUD going LONG at STRONG TRENDLINE Long

Euro Fx/Australian DollarFXCM

Description

⋅ Feb 22, 2021 1:43 AM

LONG trade analysis on EURAUD.

Graph is looking bullish from lower monthly trendline. Price is currently located at strong support area. Trade idea is also shown on RSI indicator.

If you liked this idea or if you have your own opinion about it, feel free to write in the comments.

Comments

Thomas93

⋅ Feb 23, 2021 3:11 PM

If the Markets would crash again, we could expect a move like march 2020, the big spikes in the EUR pairs. There is a simular trendline in EUR/GBP (weekly) going on. Its very intresting with all the fundamnetals going on. I posted a lot about that too.

TradingBonus

⋅ Feb 23, 2021 5:42 PM

@Thomas93, Thank you for your explanation. I have the same perspective on the market. When will EURGBP touch lower trendline i will post new analysis.

LCFXpro

⋅ Feb 22, 2021 2:08 AM

Technically looking good to go long, thanks for sharing

TradingBonus

⋅ Feb 22, 2021 5:56 AM

@LCFXpro, I am glad you liked it.