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Euraudbuy

A potential Buy set-up in EURAUDHello Traders, I would like to present a potential BUY set-up in EURAUD through this analysis. EURAUD is trading in an upward trajectory for the last 3 years. Lately, price broke out of the ASCENDING TREND LINE(green line in my chart). While this could imply a bearish reversal in the larger timeframe, I am not so sure about it. Currently, EURAUD is in an area of support. So, traders can look for BUY entries in 1.5980-1.6010 area with SL below 1.5850. TPs can be set at 1.6130 and 1.6320 respectively. If price breaks the first support zone, traders can look for long-entries in the second support zone at 1.5890.
Long
by TraderAvDM
2
EURAUD - FOREX - 27. NOVE. 2019Welcome to our weekly trade setup ( EURAUD )! - 1 HOUR Sideways market and slow price action. 4 HOUR Sideways channel and market structure. DAILY Slowly rising market with a few pullbacks, good long entries. - FOREX SETUP BUY EURAUD 1ST ENTRY @ 1.62180 2ND ENTRY @ 1.61890 SL @ 1.61380 TP @ 1.63040 RR: 1.1 / 2.35 Use 0.5% risk per Entry! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading