EURAUD Trade

By | June 4, 2020

EURAUD Long SwingTrade Setup

EURAUD Trade

Entry: 1.6225

Stop Loss: 1.6208 (17 Pips)

Target 1: 1.6367 (142 pips) 

Target 2 1.6566 (358 pips)

Trade Analysis: EURAUD traded into Daily support control area. Buying setup formed on one hour to signal a long entry. RBA assistant governor scheduled to speak in a few hours with Australia GDP data coming out.  Trade will hinge on a sell of in the Aussie as well as equity weakness coming in to give this trade a boost

Trade analysis on 4th June 2020

Euraud outcome

Result: Stop Loss taken at 17 pips  as price breaches our stop loss and traded 100 over pips lower to a low of  1.6032 before bouncing

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