Here we have a trade opportunity for the EURAUD which has recently broke out from a Daily + Weekly uptrend. Price has found support at the 38.2% fib level and bounced up nicely. The potential target zone will be the point it broke out, with a longer term target of continuation of the uptrend.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Invalidated as of last week 19th July. Apologies for not updating sooner, I have been signed off from any screen-work temporarily until my health recovers.
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Disclaimer: I do not take all of the trades I publish.
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