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ForecastCity_ME
Jan 24, 2021 1:04 PM

💡Don't miss the great buy opportunity in EURAUD  Long

Euro Fx/Australian DollarFXCM

Description

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.5670).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. EURAUD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 63.

Take Profits:
TP1= @ 1.5837
TP2= @ 1.5902
TP3= @ 1.6005
TP4= @ 1.6143
TP5= @ 1.6252
TP6= @ 1.6409

SL= Break below S2

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Comments
Sophi2018
Thank you for sharing
ForecastCity_ME
@Sophi2018, It's our pleasure!
Megan_forex
That's a very interesting idea. I thought maybe there be more continuation of the bearish move, but this chart also seems quite convincing. well done
ForecastCity_ME
@Megan_forex, We appreciate your comment.🌹
AR_kooshani
I agree
ForecastCity_ME
@AR_kooshani, Thank you for your comment
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