Hey guys,
on EURAUD we are fighting against a support level on the daily timeframe that seems to hold. On the 4hr chart we can see a nice RSI divergence followed by an engulfing kicker (at AB=CD completion) that meets my trading strategy.
I'm waiting for a small pullback and then i'm buying this up. Stop 30 pips below the lower low of the consolidation period. First target roughly at 1:1 RR. Second target for a longer structure trade.
If you have any question, feel free to type in the comment section below.
Otherwise, see you in the next chart!
on EURAUD we are fighting against a support level on the daily timeframe that seems to hold. On the 4hr chart we can see a nice RSI divergence followed by an engulfing kicker (at AB=CD completion) that meets my trading strategy.
I'm waiting for a small pullback and then i'm buying this up. Stop 30 pips below the lower low of the consolidation period. First target roughly at 1:1 RR. Second target for a longer structure trade.
If you have any question, feel free to type in the comment section below.
Otherwise, see you in the next chart!
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