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EURAUD: Time to buy now?

by Saqib I, April 6, 2022

EUR/AUD D1 volume and wave

by Saqib Iqbal April 6, 2022

4
Share

EUR/AUD

|

Long

|

D1

Timeframe:

D1

Analysis Method:

volume and wave

Analysis:

EURAUD might have pissed off many traders as it’s falling since mid of Feb and fell for more than 1800 pips.

The daily chart shows 4 lower lows which is quite a lot. Now, if the price forms W pattern here and breaks out with a high volume, it’s good to buy for 1.5200 as a target

Trade Plan:

buy on breakout

Risk Management:

1%

Things To Watch For:

1.4600

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