This swing trade idea on EURAUD which I released a few hours ago in my trading room looks very promising.
Price action is trading at an important support trendline level which I have been watching for some time and I am waiting on a bigger move on EURAUD.
The key price level is 1.5700, but I am waiting on a stronger confirmation of candlesticks (daily and weekly) to increase my conviction of this trade working out.
As there are two things which can happen at these key levels...
1. Price reversal
My review of a few EUR trading pairs shows that EUR bulls should be coming to the markets soon so I am LONG on EURAUD from today.
Click on the image to enlarge it.
Make sure to watch the video below, I explain this better there.