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
Nota
Update: consolidation no longer valid as we had a break this week above the range.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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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.