These are my entry plans for EURAUD:
Plan A.
The regression trend channel shows a moderate and gradual uptrend over the last year.
During the past 30 days, the price has been fluctuating on the upper boundary of the Ichimoku cloud.
The next upward candle, confirmed by Stochastic, would trigger my long entry.
If the price continues in that direction, especially if strongly breaks through 1.672-3, it could signify the uptrend and I will add to the position.
SL will be set at slightly below 1.637.
Plan B.
In case the price falls below the cloud, I will prepare for a short entry, triggered by breaking through 1.625.
Plan A.
The regression trend channel shows a moderate and gradual uptrend over the last year.
During the past 30 days, the price has been fluctuating on the upper boundary of the Ichimoku cloud.
The next upward candle, confirmed by Stochastic, would trigger my long entry.
If the price continues in that direction, especially if strongly breaks through 1.672-3, it could signify the uptrend and I will add to the position.
SL will be set at slightly below 1.637.
Plan B.
In case the price falls below the cloud, I will prepare for a short entry, triggered by breaking through 1.625.
Trade active:
Entered at 1.65480
Comment:
Added to the current position at 1.6565