FX.co ★ EURAUD Potential for Bullish Rise towards previous swing high

Description :

Looking at the H4 chart, my overall bias for EURAUD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 1.54488, where the overlap support is. Stop loss will be at 1.53332, where the recent swing low is. Take profit will be at 1.57508, where the previous swing high is.

Trading Recommendation

Entry: 1.54488

Reason for Entry: Overlap support

Take Profit: 1.57508

Reason for Take Profit:

Previous swing high

Stop Loss: 1.53332

Reason for Stop Loss:

Recent swing low