EURAUD has been ranging for quite some time. It's been ranging for so long, that it created an ugly inverse head and shoulders patterns within it. This may be giving a possible indication where the market may move once the breakout begins. Since it's inching its way up, I'm looking to go long for the swing trade.
A bearish harmonic was formed thanks to the news earlier last week causing a retracement to 1.58837. Price can either come back down to retest the trendline again to reconfirm bullish direction or just continue its move upward from the daily SR 1.58837 and make the attempt to break out of the range.
If a buy, TPs are:
1.59452
1.59831
1.60369 (top of range)
If breakout does occur, swing trade target TP is 1.61599.
If a sell, it may be short term since it is still in the range. Has to break trendline and pass 1.58271 zone to be considered a decent trade. Possible TPS:
1.57856
1.57360
A bearish harmonic was formed thanks to the news earlier last week causing a retracement to 1.58837. Price can either come back down to retest the trendline again to reconfirm bullish direction or just continue its move upward from the daily SR 1.58837 and make the attempt to break out of the range.
If a buy, TPs are:
1.59452
1.59831
1.60369 (top of range)
If breakout does occur, swing trade target TP is 1.61599.
If a sell, it may be short term since it is still in the range. Has to break trendline and pass 1.58271 zone to be considered a decent trade. Possible TPS:
1.57856
1.57360
トレード終了: 利益確定目標に到達
All BUY Tps are hit and the range will be broken later this week if all goes well with the gap trade. This trade was a win.
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免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。