EURAUD H8: BULLS H*S pattern // BUY NOW// TP +200 pips (SL/TP)

31 Jan 2023

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EURAUD H8: BULLS H*S pattern // BUY NOW// TP +200 pips (SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because I expect more gains
until we hit S/R at 5680

🔸 Summary and potential trade setup
::: EURAUD 8hour chart review outlook
::: H*S speculative setup
::: expecting EURAUD to outperform
::: RISK OFF mode soon
::: will boost EURAUD mid-term
::: expecting a strong bull run soon
::: after we complete throwback/pullback
::: 5320 BEARS targeting neckline of structure
::: BULLS stay out and buy low instead
::: recommended strategy: BUY AT MARKET
::: SL 80 pips TP1 +160 pips TP2 +200 pips
::: 5660/ 80 strong resistance overhead
::: BULLS will target re-test of LEFT/RIGHT structure
::: BULLS should BUY/HOLD at market exit +200 pips
::: BEARS wait until we max out near 5680
::: and get ready to SHORT from S/R
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: 5680 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK
::: Sentiment outlook mid-term: STRONG BULLS
::: Global Sentiment: RISK OFF / will boost EURAUD

RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.

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