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Euro / Australian Dollar
Long
Updated

[EURAUD] CONSODATION WITH A ENTRY CONFIRMED?

83
In D1 of EURAUD, we can see clearly the consolidation with the strong rejection from the lower band. It should be enough for the signal of buyer side will take control of this pair from now on. What we want now is the decent retracement for entry with great R:R.
Note
Price seems to react strongly against our thought, wait to change the course of action before entry
Note
With a Doji on H4 timeframe, the entry can be initiated anytime with SL below the lowest point of yesterday.

Everything has it own risk, accept that fact and manage it your way
Note
Price decrease and touched SL, the idea failed
Mrdell
buysignalChart PatternsconsolidationEURAUDTrend Analysis

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buysignalChart PatternsconsolidationEURAUDTrend Analysis
Mrdell

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.