Euroaud @ Demand Zone!!!!! Buy!
Euraud upside breakout was false? If false, then it came down right at confluence support of 1.61 and 1.608.. It has already tested support and again start making indecision candles and thats bullish signal to me.. as you can see in chart on left.. it created alot of indecision candles before jumping.. So i think it has started again doing that and will jump and test Broken Double Bottom as well @ 1.625..
So i think its not bad to play good support on buy side as stop is very clear in this setup... little stop under 1.608 for ride towards broken double bottom and broken ascending trendline.. Good to buy close to 1.6115.. I am already long as I am long on gbpaud too
Euraud upside breakout was false? If false, then it came down right at confluence support of 1.61 and 1.608.. It has already tested support and again start making indecision candles and thats bullish signal to me.. as you can see in chart on left.. it created alot of indecision candles before jumping.. So i think it has started again doing that and will jump and test Broken Double Bottom as well @ 1.625..
So i think its not bad to play good support on buy side as stop is very clear in this setup... little stop under 1.608 for ride towards broken double bottom and broken ascending trendline.. Good to buy close to 1.6115.. I am already long as I am long on gbpaud too
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4hr
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As mentioned earlier.. Euraud came 1.6115... stop is very small now!!!
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Worked very nice.. I still think it has roon to fly high as i see audusd going towards 0.65 now!!!
