• Vasily Trader

EURAUD: How to Catch Bullish Wave (Trading Plan)

Updated: Nov 2, 2020

EURAUD is approaching an important zone of confluence.

we see a perfect match between a horizontal daily support and a support line of a major rising channel .

on 1H the price is locally bearish .

the pair is steadily going down within a bullish flag pattern formation.

I will be waiting for its bullish breakout to initiate long trade.

the breakout must strictly happen from the underlined blue local demand zone .

first goal will be 1.665

in case of bearish violation of that zone, setup will be invalid.

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