Hello Traders,
EURAUD is at a key zone where our interest is to Buy the retracement. This retracement could turn out to be a much bigger correction than expected.
We are awaiting a clear test of the most recent money zone taken out by the 4H buyers. But currently, there is no clear test. We are expecting the price to rally till the 1.506-1.51 zone before a retest occurs.
If such a bounce occurs from the above mentioned zone and price comes back to the 1.48 mark, we will be looking for buys based on our entry rules.
Follow for Free Entry Signals on this trade and others from Professional Traders.
IMPORTANT: Risk Management is integral in trading. Please make sure you're using safe risk management principles for your account for all trades.
EURAUD is at a key zone where our interest is to Buy the retracement. This retracement could turn out to be a much bigger correction than expected.
We are awaiting a clear test of the most recent money zone taken out by the 4H buyers. But currently, there is no clear test. We are expecting the price to rally till the 1.506-1.51 zone before a retest occurs.
If such a bounce occurs from the above mentioned zone and price comes back to the 1.48 mark, we will be looking for buys based on our entry rules.
Follow for Free Entry Signals on this trade and others from Professional Traders.
IMPORTANT: Risk Management is integral in trading. Please make sure you're using safe risk management principles for your account for all trades.
Follow for FREE Signals from a team of Professional Traders
