It seems like the time is finally right to buy into EURAUD. There's a 4h downtrend signal time expiration after this bar's close, as well as a relevant level of technical confluence:
Fibonacci 0.382 retracement of previous impulse
Range expansion support
Low volume profile support
Correlation to gold: Australian dollar will suffer, gold breached the weekly mode down, so it's probable to see AUD weaken.
Stop loss should be below 1.43296, or using daily 3 atr value for it, or 1 atr below the low after the close. Depends on your preference. I will have no TP, and will watch the hourly chart for entry, but you could enter now with a wide stop and average the entry as well. Good luck, Ivan.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.