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
交易結束：目標達成
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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這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。