TP1: 1.62715 (50pip)
TP2: 1.62939 (70pip)
TP3: 1.63298 (110pip)
ENTRY: 1.62198 to 1.62310
Plan: This potential move is subjective to the price when the market opens today.
Looking for entry when the price reaches between 1.62198 to 1.62310. Will hold 3 positions for this pair. Once TP1 is hit will move SL to entry for remaining positions.
EURAUD (4H) - weekly bullish bias
The Aussie is extending losses across the board and we can expect further moves on the downside as selling pressures start to intensify in favour of the euro. Last week's rebound from the daily support of 1.5900 provided a strong base for a potential U-turn. The H&S formation is about to complete and a break of the neckline would...