POTENTIAL LONG TRADE SET UP FOR EURAUD
Analysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout.
Entry: The price has reached the low of a higher time frame (HTF) bullish continuation structure, forming a lower time frame (LTF) descending pattern. Following this, we are watching for an LTF bullish impulse and continuation structure to determine an entry point for the trade.
Expectation: An upward move is anticipated, initially targeting the top of the HTF structure.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
Entry: The price has reached the low of a higher time frame (HTF) bullish continuation structure, forming a lower time frame (LTF) descending pattern. Following this, we are watching for an LTF bullish impulse and continuation structure to determine an entry point for the trade.
Expectation: An upward move is anticipated, initially targeting the top of the HTF structure.
⚠️ Reminder: Always conduct your own analysis and apply proper risk management, as forex trading involves no guarantees. This is a high-risk activity, and past performance is not indicative of future results. Trade responsibly!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.