Do you ever trade this pair?
In the last few months I’ve found the EURAUD to be one of the clearest pairs of them all, take a look at the daily chart and you’ll see what I’m talking about.
Anyway, I see the EURAUD in a very clear bullish condition, and actually looking for long opportunities. It already got rejected from the ST support level:
I have my next LT resistance level at 1.3011, it is currently trading at 1.2597, so we have more than 400 pips before we get there. Enough for a trade?
Sounds like a good plan to you?
Let me know.