EURAUD 1D
Diupdate
Summary:
Recommendation
Trade: Long EURAUD for the market
*Take Profit: 1.6017
*Stop loss: 1.5400
Justification:
EURAUD has been trading in a triangle formation since late Feb 2021. Today's break above the upper limit in the 1.5630 area signals that we could be in for a bigger move. A potential range target points to a price zone above 1.6017 EURAUD, which acted as short-term support in December 2020. We recommend a long EURAUD position behind the market with a target level of 1.6017. We place a stop loss below the recent lows.
- EURAUD traded in a rising triangle formation
- The pair broke above the upper limit of the formation today
Recommendation
Trade: Long EURAUD for the market
*Take Profit: 1.6017
*Stop loss: 1.5400
Justification:
EURAUD has been trading in a triangle formation since late Feb 2021. Today's break above the upper limit in the 1.5630 area signals that we could be in for a bigger move. A potential range target points to a price zone above 1.6017 EURAUD, which acted as short-term support in December 2020. We recommend a long EURAUD position behind the market with a target level of 1.6017. We place a stop loss below the recent lows.
Trading ditutup: target tercapai
Take Profit: 1.6017
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.