EUR/AUD Potential Upward Movement
Key Resistance Levels: 1.61738, 1.64371, 1.64500.
Key Support Levels: 1.59377, 1.57975, 1.56791.
The price on the higher time frame failed to break the 1.59377 AUD mark and reversed higher where a series of bullish candlesticks has been posted. Further movement to the upside could be seen toward the next key level around the 1.61738 CAD mark.
EUR/AUD Medium-Term Trend: Bullish
On the lower time frame, the price posted a double bottom and succeeded to break the bearish channel to the upside. The market as well managed to break the highlighted zone to the upside where we expect a lower correction to this zone before a new bullish impulsive wave toward the target profit.
Buy Limit Order @ 1.60570
TP 1 @ 1.61717
TP 2 @ 1.64371
Stop Loss @ 1.60037
Trade Safely 🙂
On MT4 iOS it asks for an expiration date whenever I wish to put in an order and i don’t know how long of a time frame I should put for long/short orders.
I would appreciate a response as to how long I should leave that order open for. For Example if it’s a long term buy do I leave it open for a month and if it’s a short then do I leave for a week/day?
These are day trades. They are done in a day or two.
You do not need to set an expiration date, this is not required in Forex.