VIP - EURAUD - LONG
Why are we entering?
- Price is at channel support
- We have previous structure at the channel support area
- We are expecting EUR to strengthen for the short to medium term
What are we waiting for to happen?
- Waiting for one 4H candle to signal bullish pressure
- EUR index to reject structure level
What is our confirmation?
- 4H bullish candle
- lower timeframe trendline break
Once entered, where will our Stoploss be?
- Below the channel and structure level 1.559
Where do we take profits?
- First TP previous high 1.587
- Next TP channel resistance
- Price is at channel support
- We have previous structure at the channel support area
- We are expecting EUR to strengthen for the short to medium term
What are we waiting for to happen?
- Waiting for one 4H candle to signal bullish pressure
- EUR index to reject structure level
What is our confirmation?
- 4H bullish candle
- lower timeframe trendline break
Once entered, where will our Stoploss be?
- Below the channel and structure level 1.559
Where do we take profits?
- First TP previous high 1.587
- Next TP channel resistance
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Forex: t.me/Wicktator
Crypto: t.me/Crypto_Wick
Forex VIP: t.me/WicktatatorVIP_bot
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