3 years agoTrade Started..
3 years ago
EURAUD 1Hour Signal Chart
Follow signal progress on the chart below.
Euro vs Australian Dollar pair, Has surged higher during the Asian session early this morning. With the pair gaining nearly 15 pips, it continue’s to move up in a strong BULLISH trend as it did in the past days ( view Daily chart below ).
On the other hand, EURAUD is holding well below the long term 200 days simple moving average (thats why we dont recommend any short trades on the EURAUD for the coming days).
The 50 and the 20 days simple moving averages are also confirming continuation for the well established BULLISH trend. You should be however, alerted to the BULLISH Pennet Pattern which is emerging on the 1H Chart. It might break up in the direction of main – Trend on Daily Chart.
CONCLUSION: [We highly recommend to avoid trading EURAUD for today Friday as we might be dealing with a choppy falling correction for rest of the day.] However As per above general BULLISH trend; Only Long trades to be considered following completion of any counter trend falling correction on the 60-minute chart.
🔻 Sell Signal Details
|Time||Fri 2017.09.15 01:48|
|1s TP @|
|2nd TP @|
(Note: This conclusion is only valid as long as price is holding above the 200 periods simple moving average (red dotted line) on the 60-minute chart,