EURAUD LONG
Why are we entering?
- We broke out of the descending trend and now in a descending correction before we are bullish
- Being held down by DAILY EMA
- Expecting AUD weakness and EUR strength
What is our confirmation?
- Break of DAILY EMA and WFB
- Bounce off our ascending trendline
- Break of possible RISK trendline
Entry
- Safe Entry: Bounce off our ascending trendline with a break of our Possible RISK trendline
- RISK Entry: Bounce off our ascending trendline
- RISK Entry 2: Early break of our possible RISK trendline or DAILY EMA
Once entered, where will our Stoploss be?
- below our structure level and trendline (1.465) 30 pips
Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
First TP: 1.496 (280pips)
Final TP: 1.532 (640pips)
Why are we entering?
- We broke out of the descending trend and now in a descending correction before we are bullish
- Being held down by DAILY EMA
- Expecting AUD weakness and EUR strength
What is our confirmation?
- Break of DAILY EMA and WFB
- Bounce off our ascending trendline
- Break of possible RISK trendline
Entry
- Safe Entry: Bounce off our ascending trendline with a break of our Possible RISK trendline
- RISK Entry: Bounce off our ascending trendline
- RISK Entry 2: Early break of our possible RISK trendline or DAILY EMA
Once entered, where will our Stoploss be?
- below our structure level and trendline (1.465) 30 pips
Where do we take profits?
- Secure profit multiple times along the way (30 pips, 60 pips, 120 pips, 200 pips)
First TP: 1.496 (280pips)
Final TP: 1.532 (640pips)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.