EUR_AUD ON KEY LEVEL|TRADING PLAN BREAKDOWN

Long

Euro / Australischer Dollar (FX:EURAUD)

FX:EURAUD Euro / Australischer Dollar

trendanalysis chartpattern indicator euraud euro aussie aussiedollar videoanalysis video forecast trading

EUR_AUD is trading above the broken key level, while also respecting a diagonal support.
So the target trade is a long.
For us to enter a long, we need the small downward channel resistance breakout confirmed, a pullback and then depending on your trading style a straight long or waiting for the pair to provide you with some additional local structure or the pair going lower to improve risk reward.

The objective target is the previous higher high, and the absolute max target is the presumed resistance line extension crossing.

Thank you for watching!
Like and Subscribe to never miss a new video!

See you next time!