EURAUD – BUY – 8th September

EURAUD – BUY – 8th September (Closed)

A technical setup here on the EURAUD.

September has already seen a spike in volatility meaning risk assets such as the AUD could see some weakness.

The EURAUD has broken to the upside of a bull flag formation suggesting we could see a continuation to the upside.

EURAUD – 1 Hour Charts

Trade Setup: BUY Market Execution, current price 1.6265, stop loss 1.6180 and take profit 1.6378-1.6440.

Stop loss: 85 pips

Take profit: 113-175 pips

Trade Setup
BUY - Market Execution

Entry
1.6265

Take Profit
1.6378 - 1.6440

Stop Loss
1.6180