EURAUD H1 Analysis
The EURAUD chart broke out of the channel it was ascending in. Furthermore, as AUD pairs are still gaining strength, there is a good chance for the price to fall in the upcoming hours. SL level is placed in such a way not to incur any big losses in case the price returns to the bullish trend. Hence, the trade would be executed as follows:
EURAUD
SELL: 1.63200
SL: 1.63600
TP1: 1.62700
TP2: 1.62200
EURAUD
SELL: 1.63200
SL: 1.63600
TP1: 1.62700
TP2: 1.62200
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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.