EURAUD Euro is smashing the Australian Dollar

18 thg 4, 2021

EURAUD
After a long time daily downtrend its seems that euro want to be strong;
and after reject from a monthly support and trapped in a triangle;
We expect that price go up and reach to the top of the triangle.

In other words,
after the weekly impulse and complete the correction until 0.786 of fibo Retracement,
my expectation is the price will break the resistance and makes higher high.
but because of time and some economic news that will release in the next week i will put my T/P under the resistance.
Then if the market shift from the bearish to bullish we can make a long position.

WHAT DO YOU THINK ???

ENTRY PRICE = 1.54950
T/P = 1.56500
S/L = 1.54450
Risk/Reward Ratio : 3.10

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