EURAUD: Trade Opportunities at Key Trend Line
The price is moving back toward the key uptrend line. The price action at this zone will be able to give interesting trade opportunities in both directions.
If the market gives us reversal setups in the hourly timeframes, it will be possible to buy.
If the price breaks the uptrend line, it will be possible to short following a breakout signal or use a reversal after a pullback.
All trades must be used with stop orders and 1-2% risk per trade.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
If the market gives us reversal setups in the hourly timeframes, it will be possible to buy.
If the price breaks the uptrend line, it will be possible to short following a breakout signal or use a reversal after a pullback.
All trades must be used with stop orders and 1-2% risk per trade.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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.