Buying the EURAUD for 100 pips

A potential opportunity to earn a near 100 pips profit by buying the EURAUD has arisen under the 4-Hour timeframe.  The Australian Dollar has been dropping recently and therefore a trading opportunity to Sell it against the Euro has arisen.

Read about the Trend/Wave/Extreme system here

EURAUD (4-HOUR) BUY

euraud 18/04

  Why Buy

  • An Up Trend line pattern
  • All but one Trend (long term) indicators are pointing up
  • Extreme Indicators are pointing oversold meaning  it should start moving up again
  • Two consecutive up candles have been formed

Read about the Trend/Wave/Extreme system here.

The following is an analysis of the currency markets using the Trend/Wave/Extreme system . You can read about the system here. Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.