EURAUD Long Trade V2.0 *TRENDLINE BROKEN & BOUNCE*
After being stopped out at breakeven on my last EURUAD trade I am now looking for a second entry.
The bearish 4hr trendline has been broken and today a higher high was made on the 4hr. I am now looking for a long trade on the next higher low to take advantage of this new trend.
All analysis is marked on the chart and my entry is going to be around 1.57650 if price reaches it.
- TL Break
- Higher High
- TL retest
- Fib 0.618 and TL overlaps
The bearish 4hr trendline has been broken and today a higher high was made on the 4hr. I am now looking for a long trade on the next higher low to take advantage of this new trend.
All analysis is marked on the chart and my entry is going to be around 1.57650 if price reaches it.
- TL Break
- Higher High
- TL retest
- Fib 0.618 and TL overlaps
Trade active
Comment:
Executed at 1.57650
