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
- 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.