Type of Trade- Trend Continuation Target- 1.2620 (Daily S2) Stop Loss- 1.2746 (Above 76.4 retrace) R/R Ratio- 2.70:1
EurUsd is facing resistance breaking the 50% retracement and corresponding structure at 1.2925. A break above would be a long opportunity, whereas failure to break would lead to a trend continuation short For Long Trade: Tgt-1.3100, Stp - 1.2850 For Short Trade: Tgt- 1.2750, Stp - 1.2930
This is a suggestion for trend continuation trade of AUDNZD. We have a structure and fib retracement (61.8) lined up at 1.1187 which could prove as a nice entry point to ride the bull run in the pair. Target @ 1.1357 Stop @ 1.1118