EURAUD: Trading Plan

2 באוק׳ 2019

I was asked a lot about EURAUD.

Pair has recently broken above the bull flag
and we see a strong bullish continuation.

I believe that bulls will continue pushing the market to higher structure levels.
On my trading radar is the wide area between 1.641-1.647.

This zone matches perfectly with the horizontal structure on the left
and completion point of the equal measured move.

So I will be looking for a confirmation signal only when the market will enter the zone.
For now, buying of shorting the pair is very risky.