EURAUD - 30M - Bullish Trend Continuation Strategy
Technical Analysis: EURAUD is in a strong bullish trend, moving within a bullish channel and respecting the channel boundaries. The pair consistently closes candles inside the channel, confirming the continuation of the trend. On the 30-minute timeframe, a bullish divergence further supports upward momentum. The pair is printing higher highs (HH) and higher lows (HL), making the 0.5 Fibonacci retracement level an ideal entry point for a long position.
Seasonality: According to seasonal trends, EURAUD is typically bullish until the first week of October, aligning with the current technical outlook.
Entry Strategy:
BUY LIMIT: Buy at 1.63939 at the 0.5 Fibonacci retracement level.
Stop Loss: Set at 1.63545, below the last higher low to protect against potential reversals.
Take Profit 1: First profit target at 1.64334.
Take Profit 2: Second target at 1.64728 for further gains.
Take Profit 3: Third target at 1.65121 for maximum profit.
This trade setup leverages both technical signals and seasonality, aiming to capitalize on the bullish trend continuation in EURAUD, with well-defined risk management and profit-taking levels.
Seasonality: According to seasonal trends, EURAUD is typically bullish until the first week of October, aligning with the current technical outlook.
Entry Strategy:
BUY LIMIT: Buy at 1.63939 at the 0.5 Fibonacci retracement level.
Stop Loss: Set at 1.63545, below the last higher low to protect against potential reversals.
Take Profit 1: First profit target at 1.64334.
Take Profit 2: Second target at 1.64728 for further gains.
Take Profit 3: Third target at 1.65121 for maximum profit.
This trade setup leverages both technical signals and seasonality, aiming to capitalize on the bullish trend continuation in EURAUD, with well-defined risk management and profit-taking levels.
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