EURAUD long entry at the retracemen

FX:EURAUD   Euro / Australischer Dollar
Hi traders,

Yesterday I posted about a EURAUD             looking for a long entry around the 1.4350 area, but price already went up like a rocket. The EURAUD             finally broke the steep bearish trendline . I am now waiting for price to retrace back to the most recent structure or the trendline . Stop goes below the lows at 1.45 area.

Entry: 1.46250
Stop: 1.44550
Target 1: 1.49188 = R:RR 1.73
Target 2: 1.51990 = R:RR 3.38

I wouldn't be surprised if the retracement doesn't go all the way down to my entry point, but in order to keep a good risk:reward ratio we have to wait.
I will be updating this as time progresses. Best of luck!
Kommentar: Moving entry to 1.4350.
Stop at 1.4250.
Targets will be given later.
Moving entry to 1.4350.
Stop at 1.4250.
Targets will be given later.
is this still valid?
11021992 liyeah
Excellent question. The entry at the retracement is still a good idea, but there is a slight problem with the current setup. I was going to update it during the weekend. Let me illustrate what the problem is.

This new setup lines up with the other entry that I had on the EURCAD. If you want to take this trade, I suggest using the chart below.
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