EURAUD has hit up trend line on daily chart with RSI lining up nicely.
Look for the following reversal confirmations:
1. Down trend line break north
2. Higher highs with break above 1.6223
Buy entry @ back side of down trend line.
Remember risk management, risk at most 5% of account split across multiple entry points.
TP @ 1.6400
Good luck trading!
Let me know how I can help.
Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made Simple
Look for the following reversal confirmations:
1. Down trend line break north
2. Higher highs with break above 1.6223
Buy entry @ back side of down trend line.
Remember risk management, risk at most 5% of account split across multiple entry points.
TP @ 1.6400
Good luck trading!
Let me know how I can help.
Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made Simple
I will be adding additional entry at 1.6200 area.
Target 1.64 to 1.6450 (estimated 4-5 days)