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EUR/AUD Potential Upward Movement

EUR/AUD Long-Term Trend: Bullish

Key Resistance Levels: 1.4847, 1.4928, 1.4980

Key Support Levels: 1.4724, 1.4631, 1.4581

Daily Chart:

The price on the higher time frame has been in a downtrend for some time and recently it has reversed the direction after finding support at the 1.4562 level. The pair has broken a trendline and sustained above that which shows 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 been consolidating for some time between a range of 1.4631 and 1.4724 and now it has broken the upper range and retested it before continuing the momentum.

Signal Idea:

Buy Stop Order @ 1.4761

TP 1 @ 1.4828

TP 2 @ 1.4962

Stop Loss @ 1.4694

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.

One comment

  1. It’s very nice thank you so much

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