EUR/AUD is in a really interesting spot right now. Ambiguous data from both countries. Strong bullish trend in the last few months. Currently sitting at a historically important support/resistance line in an ascending wedge. Stochastic is diverging on the 4h aswell which is a nice sign.
Setup Entry: Looking good right now. Await nice fat bearish candle with DEMA cross-over for confirmation.
Exit: At the teal trendline, which is many pips down. I guess it could turn again at 1.55500. Start taking profits at 1.57200, then 1.56600 and then let the rest run.
Risk: Limited risk, currently sitting at resistance. If it's going to go higher it will consolidate first for some time. I would put a fairly tight stop loss at 1.58600 or even tighter, as we're looking at a trade that should get going immediately. Sideways movement is a bad sign.
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.