Breaking News

EUR/AUD Potential Upward Movement

EUR/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.5395, 1.5531, 1.5643

Key Support Levels: 1.5230, 1.5181, 1.5124

Daily Chart:

The price on the higher time frame was trading in a downtrend for some time and recently it found support at the 1.4320 level and bounced back from there. The two resistance levels of 1.4767 and 1.5152 have been broken which indicates a bullish bias.

EUR/AUD Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The price has formed a higher-low pattern and broke the trading zone of 1.5181 with good momentum. It sustained above that level and recently a minor level of 1.5230 has been retested before picking up the momentum.

Signal Idea:

Buy Stop Order @ 1.5292

TP 1 @ 1.5388

TP 2 @ 1.5580

Stop Loss @ 1.5196

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

8 comments

  1. What is the best tradingplatform for this?

  2. Trade triggered 1.592 call .,., still hold or close with loss

  3. When is the automatic trading with mt4 gonna launch for VIP members? Any time frame?

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!