EURAUD Potential low?
Updated
Daily chart shows EURAUD has completed 2 pushes down of its decline phase. It looks set to complete a 3rd push down when its price made a lower low whilst its MACD made a higher low to form a potential MACD bullish divergence. This suggests EURAUD may have made a potential low.
I have entered a long trade today (18 Jun 2024) at 1.6225 with a stop at 1.6140 (just below the latest low) and TP at 1.6395 (just below the last swing high) for a potential 2:1 reward/risk ratio trade.
I have entered a long trade today (18 Jun 2024) at 1.6225 with a stop at 1.6140 (just below the latest low) and TP at 1.6395 (just below the last swing high) for a potential 2:1 reward/risk ratio trade.
Trade closed: stop reached
Was stopped out for a loss.
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