VIP - EURAUD - LONG

6 ก.ค. 2021

Why are we entering?
- Price is at channel support
- We have previous structure at the channel support area
- We are expecting EUR to strengthen for the short to medium term

What are we waiting for to happen?
- Waiting for one 4H candle to signal bullish pressure
- EUR index to reject structure level


What is our confirmation?
- 4H bullish candle
- lower timeframe trendline break

Once entered, where will our Stoploss be?
- Below the channel and structure level 1.559


Where do we take profits?
- First TP previous high 1.587
- Next TP channel resistance