EURAUD Monthly/Weekly 🦐
EURAUD on the monthly chart has been moving inside a channel.
On the weekly chart market respected the dynamic trendline (red) and price after the huge spike retraced back till hitting and starting a new leg up.
Price is now close to a weekly resistance and IF the market will break and close above it, we can look for a nice long order.
On the other case, IF the market will not manage to break the upper structure, we will monitor the price till a possible break and restest below the weekly trendline for a nice short order.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
On the weekly chart market respected the dynamic trendline (red) and price after the huge spike retraced back till hitting and starting a new leg up.
Price is now close to a weekly resistance and IF the market will break and close above it, we can look for a nice long order.
On the other case, IF the market will not manage to break the upper structure, we will monitor the price till a possible break and restest below the weekly trendline for a nice short order.
–––––
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
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.