Based on the 4hr timeframe we could see price already finished with B correction of ABC movement from elliott wave. After B is finished, C is expected to come in and it usally go to around 61.8 - 127.2 fibonacci retracemen of B.
I already have 1 buy position from 1.6190 and planning to add another buy position.
During friday price finally managed to closed above 1.6240-1.6270 resistance which is a good news for bulls.
This pair offers a good RR ratio currently as i believe AUD wil go down so EURAUD will shoot up.
Buy EURAUD 1.6260
Stop loss 1.6190
Take profit 1 @ 1.6420 (first resistance)
Take profit 2 @1.6550 (second resistance)
Take profit 3 @1.6680 (127.2 fibonacci retracement)
Good Luck
I already have 1 buy position from 1.6190 and planning to add another buy position.
During friday price finally managed to closed above 1.6240-1.6270 resistance which is a good news for bulls.
This pair offers a good RR ratio currently as i believe AUD wil go down so EURAUD will shoot up.
Buy EURAUD 1.6260
Stop loss 1.6190
Take profit 1 @ 1.6420 (first resistance)
Take profit 2 @1.6550 (second resistance)
Take profit 3 @1.6680 (127.2 fibonacci retracement)
Good Luck
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.