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Sascha_Gogolin

EUR/AUD - Signs of possible bullish continuation

Panjang
Euro / Dolar Australia (FX:EURAUD)  
Sascha_Gogolin  
FX:EURAUD   Euro / Dolar Australia
price-action Support and Resistance correction correctivestructure correctivemove Bullish Patterns LONG buying short-term
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price-action supportandresistance correction correctivestructure correctivemove bullish long buying short-term
The pair has been testing the 1.4580 level for 4 times without being able to penetrate it. The last reaction was pretty forceful followed by a corrective structure. If this structure holds and we see a retrace back into the bottom I am willing to go long, targeting 1.4760 as a primary target and 1.4850 as a secondary one.

Since we are in a ranging environment this will be a lower probability trade though.
Penafian

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