EURAUD is consolidating, as summer months typically consolidate. Bias is still upward buy direction
Indicators:
Pair is bouncing between a 300 pip range (red lines).
Blue lines are trendlines, watch out for bounces off of them.
Weekly Stochastic RSI in buy zone
Area of support has held consistently
Buy Entry:
1. Enter at uptrend line 1.6275-1.6300 area
2. Enter at support and bottom of consolidation zone 1.6110 area
Sell Entry:
1. Sell at current price with short stop loss above top of consolation range.
2. Sell at top of consolidation range 1.6400 area with stop loss above consolidation range.
I am trading majority of long-term buys with short term <1 day sells in this range.
Good luck trading!
Charles V
CVFX Management 17% for July
cvfxmanagement.com
Follow me cvfxwealth
Trading made simple
Indicators:
Pair is bouncing between a 300 pip range (red lines).
Blue lines are trendlines, watch out for bounces off of them.
Weekly Stochastic RSI in buy zone
Area of support has held consistently
Buy Entry:
1. Enter at uptrend line 1.6275-1.6300 area
2. Enter at support and bottom of consolidation zone 1.6110 area
Sell Entry:
1. Sell at current price with short stop loss above top of consolation range.
2. Sell at top of consolidation range 1.6400 area with stop loss above consolidation range.
I am trading majority of long-term buys with short term <1 day sells in this range.
Good luck trading!
Charles V
CVFX Management 17% for July
cvfxmanagement.com
Follow me cvfxwealth
Trading made simple
Catatan
Update: consolidation no longer valid as we had a break this week above the range. If you entered a buy as the bias was then you are probably up a did about of pips as I am.Good luck!
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.