I’m looking for long opportunities in the EURAUD

Hey, hope you had a great weekend!

It’s clear that the EURAUD is trading in a bullish condition, and you already know what you should be looking for while in a bullish condition right? Well…

Yeap, long opportunities, and ignore every single short opportunity that you get.

Anyway, here is the chart:

EURAUD

I’m waiting for a small retracement to the main ST support level around 1.2368.

What do you think of my trading plan?

Have a great week ahead!

Cheers,

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .

  • orah Tony

    To me I feel we have two options in the trade plan – a rise or breakout from the support level.

    • Raul Lopez

      Hey Tony, thanks for your comment… I favor a rejection off the support level. We’ll see what happens, but I definitely would feel comfortable going long around the support level. Cheers,

  • Roger

    I’ve taken a signal to go long last friday on the 4 hour chart on EUR/AUD, still in it and the risk/reward is huge!!! we’ll see what happen. good luck
    Roger

    • Raul Lopez

      Hey Roger,

      Good luck with your trade! Where do you have your take profit order?

      Cheers,