Longing EURO (EURAUD)
Hi Traders,
Here is another potential long coming up on EUR/AUD. Price has been rejecting the same level of 1.52730 which now seems like it may be ready to break and close above.
if price is able to close above resistance I will be looking for some sort of pullback to go long, We also have a beautiful clean range to the left that can be easily filled.
I am looking to take profit at 1.53400. Keep in mind that we are at a level that has been rejected multiple times, therefore it is wise to wait for price to close and retest and give some sort of rejection upon retest, I will be happy with wick rejections followed by a strong bullish candle.
We are early into the week and we have no reason to force anything, let's remain patient and wait for the price to come to us.
Happy trading,
Renaldo Philander.
Here is another potential long coming up on EUR/AUD. Price has been rejecting the same level of 1.52730 which now seems like it may be ready to break and close above.
if price is able to close above resistance I will be looking for some sort of pullback to go long, We also have a beautiful clean range to the left that can be easily filled.
I am looking to take profit at 1.53400. Keep in mind that we are at a level that has been rejected multiple times, therefore it is wise to wait for price to close and retest and give some sort of rejection upon retest, I will be happy with wick rejections followed by a strong bullish candle.
We are early into the week and we have no reason to force anything, let's remain patient and wait for the price to come to us.
Happy trading,
Renaldo Philander.
Penafian
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