EURAUD confirms the continuation of the bearish correction trend
EURAUD has just broken the rising channel to start a downtrend. The confirmation is there with the h4 candle closing completely below the support zone of the Price Channel. This corrective downtrend can now extend to the support of 1.766. The support zone is a Break point at the moment 1.778 is a positive DCA point with a SELL Entry above.
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- Support: 1.778-1.766
- Resistance: 1.790-1.797
- Sell now: Resistance zone 1.79000
- Target: 1.778 Support zone, followed by 1.766 lower zone
- Sell Trigger: Break below 1.778
- BUY Trigger: rejection 1.778 Support zone
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Trade closed: target reached
Touch TP 1 area. Price is reacting. Wait to see if it breaks support at 1.778 then we will DCA to TP 2
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☘️My Telegram Channel: t.me/VHTraderFX
Join me to get Trading signals, Trading knowledge for investors
Join me to get Trading signals, Trading knowledge for investors
Related publications
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.