BUY OPPORTUNITY EURAUD ON H4
On this pair, the short and long term is Bullish with :
R2 – 1.5230 as Target 2
R1 – 1.5868 as Target 1
S1 – 1.4890 as Cut Loss
On Daily chart, 4 out of the last 6 days is Bull Candle which 2 of them have formed large impulsive bear candles, the last candle is has long wick on bottom so probability is long.
ON H4 chart, there is a pattern of falling wedge, when a level 1.5000 has break, we can entry on that area with target 1 as R1 and if break below S1 will lead some credence to a change in medium term bias, from bullish to sideways so we have to Cut
R2 – 1.5230 as Target 2
R1 – 1.5868 as Target 1
S1 – 1.4890 as Cut Loss
On Daily chart, 4 out of the last 6 days is Bull Candle which 2 of them have formed large impulsive bear candles, the last candle is has long wick on bottom so probability is long.
ON H4 chart, there is a pattern of falling wedge, when a level 1.5000 has break, we can entry on that area with target 1 as R1 and if break below S1 will lead some credence to a change in medium term bias, from bullish to sideways so we have to Cut
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