EURAUD Long, Possible As Nearly Hitting Major Support Level
Looking EURAUD @ 4hr Chart the price is nearing to the major support level @ 1.56512
I see a possible upward reaction if we hit the major support level as per how it did in the past, i would be looking for a buy somewhere after it hits the major level and if i see it going upwards to my buy entry level @ 1.56724
Place a Buy Stop Order only after the the price has reached the major support level which is 1.56512
Buy Stop Entry - 1.56724
Stop Loss - 1.56008 (Keeping the Stop Loss at this level because so to allow the price some room for upward reaction)
Take Profit - 1.57484 (I would take the profit at this level because we have possible resistance above our Take Profit level)
Please Enter at your own Risk as this just my prediction depending on the past price behavior...
I see a possible upward reaction if we hit the major support level as per how it did in the past, i would be looking for a buy somewhere after it hits the major level and if i see it going upwards to my buy entry level @ 1.56724
Place a Buy Stop Order only after the the price has reached the major support level which is 1.56512
Buy Stop Entry - 1.56724
Stop Loss - 1.56008 (Keeping the Stop Loss at this level because so to allow the price some room for upward reaction)
Take Profit - 1.57484 (I would take the profit at this level because we have possible resistance above our Take Profit level)
Please Enter at your own Risk as this just my prediction depending on the past price behavior...