EURAUD almost has same structure with GBPAUD.
Both pairs broke and retested a daily resistance. Candlestick also formed a tweezer pattern on the broken structure. And like GBPAUD, price is in an overall bullish channel. We can look to buy this pair at its current level.
Stop loss at 1.6050.
Take profit: 1.6200, 1.6330.
You can view my GBPAUD idea in the links below.
Feel free to comment and leave a like!
Both pairs broke and retested a daily resistance. Candlestick also formed a tweezer pattern on the broken structure. And like GBPAUD, price is in an overall bullish channel. We can look to buy this pair at its current level.
Stop loss at 1.6050.
Take profit: 1.6200, 1.6330.
You can view my GBPAUD idea in the links below.
Feel free to comment and leave a like!
Comment:
Price made a gap to the upside in our favor and we miss the entry I placed in the chart above. We can enter at around 1.6140-50 if the price retraces a bit or closes the gap. SL 1.6090.
Comment:
+40 pips running profit, move SL to breakeven!
