EUR/AUD Potential Upward Movement
:bulb: Trade Idea
📈 Buy Limit EUR/AUD @ 1.6207
:dart: Target Profit 1.6335
:octagonal_sign: Stop Loss 1.6143
:x: Do not risk more than 1% of your account on each trade
:slight_smile: Good Luck!
The daily support rejected the price twice, plus it posted a double bottom which indicates a high probability of a reversal. In addition, it manages to break the blue trendline. A lower correction is expected towards the neckline, then a move upward to the 1.6335 mark.
📈 Buy Limit EUR/AUD @ 1.6207
:dart: Target Profit 1.6335
:octagonal_sign: Stop Loss 1.6143
:x: Do not risk more than 1% of your account on each trade
:slight_smile: Good Luck!
The daily support rejected the price twice, plus it posted a double bottom which indicates a high probability of a reversal. In addition, it manages to break the blue trendline. A lower correction is expected towards the neckline, then a move upward to the 1.6335 mark.
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