EURAUD
Timeframe: 1D
Direction: Long
Confluences for Trade:
- Stochastic Overbought momentum
- Too wide of a divergence for 8 EMA and 50 EMA
- Price close to Strong Horizontal Support (since Feb 18)
- Price close to a Support Trendline (previously resistance; since March 18)
Suggested Trade:
Entry @ Area of Interest 1.5610 - 1.5670
SL: 1.5542
TP: 1..5884
RR: Approx. 2.89 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Timeframe: 1D
Direction: Long
Confluences for Trade:
- Stochastic Overbought momentum
- Too wide of a divergence for 8 EMA and 50 EMA
- Price close to Strong Horizontal Support (since Feb 18)
- Price close to a Support Trendline (previously resistance; since March 18)
Suggested Trade:
Entry @ Area of Interest 1.5610 - 1.5670
SL: 1.5542
TP: 1..5884
RR: Approx. 2.89 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Dagangan ditutup: hentian tercapai:
The sudden Brexit news of two ministers resigning caused a sudden drop in the EUR. EUR has since recovered but our position hit the stop first.
The trade setup is still valid if still interested.
The trade setup is still valid if still interested.
Please support my initiative by trading:
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DM me to analyze any pair. :D
FX @ GoMarkets bit.ly/GoMarketsFX
Crypto @ HTX bit.ly/HTXExchange
Twitter Follow @ x.com/weekendanalyst
Twitter Community @ bit.ly/TweetAway
DM me to analyze any pair. :D