EURAUD: Retail shorts attracted

2 Mar 2021

Price did a rejection at the long term trendline at the start of this week, which is a sign of retail shorting the market.

I expect the price to go up higher using 1.5380 as the support level. We should see a bullish breakout sometime within the next few weeks.

EURAUD Long
Entry is valid as long as price is above 1.5380

SL: 1.5220
TP: 1.5900

23 Mar 2021

Not

We are running +100 pips in profit from our limit order at 1.5380. Stops should be moved to break even.