EURAUD Follow Up And Update Of The Buy Opportunity

3
253
EURAUD Follow Up And Update Of The Buy Opportunity

Hi Traders! EURAUD follow up and update of the Buy Opportunity is here. In the previous post here I mentioned that on the daily chart the price is moving inside a bullish channel. Currently the price has reached the bottom of this bullish channel and if we didn’t get a valid breakout at the bottom, we may then expect a bullish reversal to happen from here and the price to move higher. Lets see how this setup has developed now.

EURAUD Daily Chart:

The bullish reversal that we were looking for didn’t happen yet and the price is still at the bottom of the range. Once a bullish reversal happens wait for the price to break above the H4 downtrend line first and then we may look for buys until price reaches the top of the bullish channel.

EURAUD Follow Up And Update Of The Buy Opportunity

Invalidation: If the price breaks below the bottom of this channel then this setup is invalidated (false breaks are acceptable).

If you want to learn how to do such analysis yourself, if you are looking for a professional team of traders and one of the best online trading communities, If you are looking for enormous archive of Webinars, Trading Tools, Trading Strategies, Books, Indicators, Expert Advisors and much much more, join my traders academy club for only $97 PER YEAR.

Join Traders Academy Club Now 

Also you can get one of my strategies free of charge. You will find all the details here

 

Regards,

Yordan Kuzmanov
Chief Trader at Traders Academy Club

 

SHARE

3 COMMENTS

  1. Hi Vlad, I keep visiting your site regularly, hopefully one day I will become a real forex trader. Thanks a lot for the assistance.

  2. Hi guys, anything is achievable if you put enough time and effort into it!

JOIN THE CONVERSATION - I ALWAYS REPLY (VLADIMIR)

Please enter your comment!
Please enter your name here