EUR/AUD Looking very promising!
EUR/AUD is right now making a consolidation on a strong resistance zone between 1.6586-1.6585. Two possible scenarios are on the table:
Long:
-Wait for a confirmation. An impulsive candle breaking to the upside of the resistance zone would be a great opportunity to go long with a target around 1.6750.
Short:
-Wait for a good candle closure below the 20 EMA on the 1h Chart at least or a good rejection from the resistance zone. A target would be the 1.6325.
Always use stop losses and at least a 2:1 risk/reward ratio.
This is simple price action. We are not looking for indicators or trying to guess movements of the market. If you do a good risk management and stick to your strategy, you are on the right way.
Long:
-Wait for a confirmation. An impulsive candle breaking to the upside of the resistance zone would be a great opportunity to go long with a target around 1.6750.
Short:
-Wait for a good candle closure below the 20 EMA on the 1h Chart at least or a good rejection from the resistance zone. A target would be the 1.6325.
Always use stop losses and at least a 2:1 risk/reward ratio.
This is simple price action. We are not looking for indicators or trying to guess movements of the market. If you do a good risk management and stick to your strategy, you are on the right way.
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.