What’s your take on the EURAUD?

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:

EURAUD

 

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.

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 .