New year and i'm back in forex for some long-term trades.
As it shows on the chart, this is my plan for EURAUD pair, looking for a full breakout above the green trendline that started on oct'20 and made, not very long ago, a double-bottom formation. Will wait for the retest and try to enter around 1.5700 ! This analysis will not be valid if price cant go and stay above 1.5700 or if it breaks below the short-term red trendline.
If it does breaks below the red trendline, will update with new chart.
Lets have an amazing 2023
As it shows on the chart, this is my plan for EURAUD pair, looking for a full breakout above the green trendline that started on oct'20 and made, not very long ago, a double-bottom formation. Will wait for the retest and try to enter around 1.5700 ! This analysis will not be valid if price cant go and stay above 1.5700 or if it breaks below the short-term red trendline.
If it does breaks below the red trendline, will update with new chart.
Lets have an amazing 2023
Comment:
Entering with a small position on a Long here, 1.5540
Comment:
Closing position at 1.6070. Will wait for a pullback to enter again
Comment:
entering a buy position if price retraces back to 1.5800 and will be adding if it falls to 1.5700.
Trade closed manually:
Closing this tread.
One entry made. +530pips
One entry made. +530pips